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Under contract
  • $125,000

    7601 Magnolia Dr, Millville, NJ 08332

    2beds
    924sqft
    : 
    Manufactured Home
    Built in 1980
    0.32 Acres Lot
    $-- Zestimate®
    $135/sqft
    $-- HOA

    What's special

    Off-street parking spacesBeautifully landscaped lotMature treesSpacious bedrooms
    **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 **7601 Magnolia Dr**, offering a prime example of steady rental income. This charming home has been purposely left vacant to offer buyers the opportunity to tour a sample unit. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, and two full baths, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. 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.
    168 days
    on Zillow
    |
    32
    |
    1
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 19, 2025 at 08:11am

    Listed by:

    Jennifer Rothenberger 856-322-2964,

    Compass New Jersey, LLC - Moorestown

    Source: Bright MLS,MLS#: NJCB2021310MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Basement
    • Area: 0
    Heating
    • Forced Air, Electric, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Electric Water Heater
    • Laundry: Has Laundry, Main Level, Hookup
    Features
    • Combination Dining/Living, Exposed Beams, Open Floorplan, Pantry
    • Flooring: Luxury Vinyl
    • Windows: Double Hung, Vinyl Clad
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Brick, Decorative
    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: 3
    • Parking features: Driveway
    • Uncovered spaces: 3
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck
    • Pool features: None
    • Fencing: Chain Link,Partial
    Lot
    • Size: 0.32 Acres
    • Dimensions: 140.00 x 100.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 020002504384
    • Zoning: VR2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MobileManufactured
    • Property subtype: Manufactured Home
    Materials
    • Frame
    • Roof: Flat
    Condition
    • Excellent
    • New construction: No
    • Year built: 1980
    • Major remodel year: 2022

    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: $135/sqft
    • Tax assessed value: $35,900
    • Annual tax amount: $1,074
    • Date on market: 2/26/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Body type: Single Wide
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