7601 MAGNOLIA DRIVE, Millville, NJ 08332

  • $125,000
7601 MAGNOLIA DRIVE, Millville, NJ 08332
Active Excellent
7601 MAGNOLIA DRIVE, Millville, NJ 08332
7601 MAGNOLIA DRIVE, Millville, NJ 08332
  • $125,000

Overview

Property ID: NJCB2021310
  • Manufactured, For Sale
  • Property Type
  • 2
  • Bedrooms
  • 2
  • Bathrooms
  • 0.32
  • Lot Acres
  • 1980
  • 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 **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.

  • Address 7601 MAGNOLIA DRIVE
  • City Millville
  • State/county NJ
  • Zip/Postal Code 08332
  • Country US

Details

Updated on February 7, 2025 at 9:25 pm
  • Property ID: NJCB2021310
  • Price: $125,000
  • Land Area: 0.32 Acres
  • Bedrooms: 2
  • Bathrooms: 2
  • Garage Size: x x
  • Year Built: 1980
  • Property Type: Manufactured, For Sale
  • Property Status: Active

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

Contact Information

View Listings
Homes Trade Hub
  • Homes Trade Hub

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Similar Listings

**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 "

Compare listings

Compare
Homes Trade Hub
  • Homes Trade Hub