**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.
Under contract
$125,000
7601 Magnolia Dr, Millville, NJ 08332
2beds
924sqft
Est.:
Manufactured Home
Built in 1980
0.32 Acres Lot
$-- Zestimate®
$135/sqft
$-- HOA
What's special
Off-street parking spacesBeautifully landscaped lotMature treesSpacious bedrooms
- 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#: NJCB2021310

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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