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Listed price in listed location currency (USD).
$105,000

210

MLS® NJCB2021284

  • Key Facts
  • Description
  • Map

Key Facts

Type Mobile Home
Levels Residential
Size 672 sqft
Garage No
Taxes $637
Days Active 394
Lot Size 0.14 acres
Approx. Age 1968
Avg. Price Per Sqft $156
MLS® Number NJCB2021284

Property Address: 6415 Magnolia Dr, MILLVILLE, NJ, 08332-6827

Average square foot calculated using Size range provided by listing agent.

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 **6415 Magnolia**, offering a prime example of potential steady rental income. This charming home has been recently been vacated and refreshed for its next occupant. With fresh paint, and updated Luxury Vinyl Plank flooring throughout, it offers a cozy and modern vibe. The exterior has also been freshly painted offering sharp curb appeal. 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. This property is listed for rent by owner right now but is also available to be sold independent of the portfolio to an owner occupant. Cash only and As-Is. 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.
MLS® NumberNJCB2021284
Laundry LevelMain Floor
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageNo
Approx. Age1968
Basement
DrivewayDriveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 9, 2024List Date
$105,000List Price

Home Appraisal

This property is estimated to sell between: $105,000 and $251,000.
Similar properties in this area sold on average for: $202,161
Expected to sell very soon! Similar properties sold in 149 days. This home has been on eXp Realty for 394 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
6415 Magnolia Dr, MILLVILLE, NJ

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