6415 MAGNOLIA DRIVE, Millville, NJ 08332

  • $105,000
6415 MAGNOLIA DRIVE, Millville, NJ 08332
Active
6415 MAGNOLIA DRIVE, Millville, NJ 08332
6415 MAGNOLIA DRIVE, Millville, NJ 08332
  • $105,000

Overview

Property ID: NJCB2021284
  • Mobile Pre 1976, For Sale
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom
  • 0.14
  • Lot Acres
  • 1968
  • Year Built

Description

**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 **6415 Magnolia**, offering a prime example of steady rental income. This charming home has been recently leased by a well qualified tenant, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, and a full bath, 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, and NJCB2021310.

  • Address 6415 MAGNOLIA DRIVE
  • City Millville
  • State/county NJ
  • Zip/Postal Code 08332
  • Country US

Details

Updated on November 9, 2024 at 5:53 am
  • Property ID: NJCB2021284
  • Price: $105,000
  • Land Area: 0.14 Acres
  • Bedrooms: 2
  • Bathroom: 1
  • Garage Size: x x
  • Year Built: 1968
  • Property Type: Mobile Pre 1976, For Sale
  • Property Status: Active

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**Property Disclaimer** The information we provide about this property is believed to be accurate to the best of our knowledge; however, it may change without notice. We are not liable for any mistakes, errors, or omissions in the information presented. We strongly recommend that you conduct your own research and verify all details independently to ensure accuracy. Your diligence in seeking correct information is essential before making any decisions. " Homes Trade Hub "

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