**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.
NJCB2021284
Mobile Home, 1 Story
2
CUMBERLAND
1 Full
1968
0.14
Acres
Well
1
Frame
Septic Tank
672
Sq. Ft.
LAUREL LAKES
672 Sq. Ft. (approx)
School Information
MILLVILLE AREA
Bathrooms
1
Total:1
Detailed Room Information
- Laundry
- Main Level
Interior Features
- Square FootageAbove (approx)
- 672 Sq. Ft. Above Ground. Sq. Ft. Below Ground.
- Flooring
- Vinyl
- Cooling
- None
- Heating
- Gas Heat, Electric Heating. Forced Air.
- Plumbing
- Electric Water Heater
Exterior / Lot Features
- Parking
- 3 Parking Spaces. Driveway.
- Exterior
- Frame
- Roof
- Flat
- Pool Description
- None
- Lot Dimensions
- 60.00 x 100.00
- Zoning
- VR2
Financial Considerations
$21,300
02-00111-06563
$629
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