**Investor Opportunity: Income-Generating Portfolio of 20 Rental Properties for $2,000,000** Presenting an exceptional investment opportunity in the highly sought-after Laurel Lakes community! This portfolio includes 20 well-maintained, tenant-occupied properties, all strategically located within the same thriving neighborhood. With a consistent and reliable tenant base, these homes provide immediate cash flow and long-term stability. One property within this portfolio is **7121 Samuel Dr**, offering a prime example of steady rental income. This charming home has been leased by the same tenants for several years, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 3 spacious bedrooms, a full bath and half bath all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. This unit is wheelchair accessible. Key Investment Highlights: - **Portfolio Price**: $2,000,000 for 20 properties - **Annual Gross Income**: $240,000 - **12% CAP Rate**: Strong return potential in a stable, in-demand location - **Tenant Stability**: Long-term, reliable tenants in place across all properties - **Maintenance & Management**: Well-maintained homes with minimal upkeep required This portfolio presents a rare opportunity to secure a high-performing asset in a community with ongoing rental demand and future growth potential. With a strong CAP rate and consistent cash flow, this investment is ideal for serious investors seeking to expand their holdings in a thriving market. Don’t miss out on this lucrative opportunity in Laurel Lakes!Portfolio includes MLS# NJCB2021228, NJCB2021246, NJCB2021260, NJCB2021276, NJCB2021262, NJCB2021278, NJCB2021280, NJCB2021286, NJCB2021284, NJCB2021288, NJCB2021290, NJCB2021294, NJCB2021296, NJCB2021298, NJCB2021300, NJCB2021302, NJCB2021304, NJCB2021306, NJCB2021308, and NJCB2021310.
For sale
$130,000
7121 Samuel Dr, Millville, NJ 08332
3beds
924sqft
Est.:
Mobile Home
Built in 1985
-- sqft lot
$-- Zestimate®
$141/sqft
$-- HOA
What's special
Two off-street parking spacesHalf bathBeautifully landscaped lotMature trees
- 168 days
- on Zillow |
- 185 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: January 08, 2025 at 07:20pm
Listed by:
Jennifer Rothenberger 856-322-2964,
Compass New Jersey, LLC - Moorestown
Source: Bright MLS,MLS#: NJCB2021288

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Electric, Natural Gas
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Flooring: Luxury Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 924
- Total interior livable area: 924 sqft
- Finished area above ground: 924
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Uncovered spaces: 4
Accessibility
- Accessibility features: Accessible Approach with Ramp
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Dimensions: 75.00 x 0.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 020015001067
- Zoning: VR1
- Special conditions: Standard
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Mobile Home
Materials
- Frame
- Roof: Flat
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
Community & HOA
Community
- Subdivision: Laurel Lakes
HOA
- Has HOA: No
Location
- Region: Millville
- Municipality: COMMERCIAL TWP
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $38,800
- Annual tax amount: $1,161
- Date on market: 11/9/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership: Fee Simple
- Body type: Single Wide
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