6415 Magnolia Drive, Millville, NJ 08332 | MLS NJCB2021284 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
FOR SALE
$105,000  

6415 Magnolia Drive
Millville, NJ 08332

Mobile Home
Residential
2
Beds
1
Baths
672
Sq. Ft.
0.14
Acres Lot
Courtesy: Compass New Jersey, LLC - Moorestown
**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
Courtesy: Compass New Jersey, LLC - Moorestown
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