7413 JOHN, Millville, NJ 08332 – NJCB2021298 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$85,000

Est. payment - /mo

2 Beds

1 Bath

450 SqFt

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UPDATED:

11/09/2024 04:58 AM

Key Details

Property Type Mobile Home

Sub Type Mobile Pre 1976

Listing Status Active

Purchase Type For Sale

Square Footage 450 sqft

Price per Sqft $188

Subdivision Laurel Lakes

MLS Listing ID NJCB2021298

Style Modular/Pre-Fabricated

Bedrooms 2

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 450

Originating Board BRIGHT

Year Built 1968

Annual Tax Amount $709

Tax Year 2023

Lot Size 8,999 Sqft

Acres 0.21

Lot Dimensions 90.00 x 100.00

Property 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 **7413 John St**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for almost 2 years, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 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.

Location

State NJ

County Cumberland

Area Commercial Twp (20602)

Zoning VR1

Rooms

Main Level Bedrooms 2

Interior

Hot Water Electric

Heating Forced Air

Cooling None

Fireplace N

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 2.0

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Total Parking Spaces 2

Garage N

Building

Story 1

Sewer On Site Septic

Water Well

Architectural Style Modular/Pre-Fabricated

Level or Stories 1

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Millville Area

Others

Senior Community No

Tax ID 02-00158-00379

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Jennifer J Rothenberger • Compass New Jersey, LLC - Moorestown

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262