7601 Magnolia Drive, Millville, NJ 08332 | MLS NJCB2021310 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
FOR SALE
$125,000  

7601 Magnolia Drive
Millville, NJ 08332

Manufactured Home
Residential
2
Beds
2
Baths
924
Sq. Ft.
0.32
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 **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.
NJCB2021310
Manufactured Home, 1 Story
2
CUMBERLAND
2 Full
1980
0.32 Acres
Well
1
Frame
Septic Tank
924 Sq. Ft.
LAUREL LAKES
924 Sq. Ft. (approx)
School Information
MILLVILLE AREA
Bathrooms
2
Total:2
Detailed Room Information
Laundry
Main Level
Kitchen
Pantry
Interior Features
Square FootageAbove (approx)
924 Sq. Ft. Above Ground. Sq. Ft. Below Ground.
Flooring
Vinyl
Cooling
None
Heating
Gas Heat, Electric Heating. Forced Air.
Plumbing
Electric Water Heater
Fireplaces
1. Masonry.
Additional Interior Features
Pantry, Beamed Ceilings
Exterior / Lot Features
Parking
3 Parking Spaces. Driveway.
Exterior
Frame
Patio
Deck
Roof
Flat
Pool Description
None
Lot Dimensions
140.00 x 100.00
Zoning
VR2
Fence
Chain Link
Additional Exterior/Lot Features
Deck,.
Financial Considerations
$35,900
02-00025-04384
$1,061
Courtesy: Compass New Jersey, LLC - Moorestown
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