Millville, NJ 08332,6415 MAGNOLIA DR
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Millville, NJ 08332,6415 MAGNOLIA DR
Millville, NJ 08332,6415 MAGNOLIA DR
Millville, NJ 08332,6415 MAGNOLIA DR
Millville, NJ 08332,6415 MAGNOLIA DR
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6415 MAGNOLIA DR Millville, NJ 08332

2 Beds

1 Bath

672 SqFt


UPDATED:

11/09/2024 04:53 AM

Key Details

Property Type Mobile Home

Sub Type Mobile Pre 1976

Listing Status Active

Purchase Type For Sale

Square Footage 672 sqft

Price per Sqft $156

Subdivision Laurel Lakes

MLS Listing ID NJCB2021284

Style Modular/Pre-Fabricated

Bedrooms 2

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 672

Originating Board BRIGHT

Year Built 1968

Annual Tax Amount $629

Tax Year 2023

Lot Size 5,998 Sqft

Acres 0.14

Lot Dimensions 60.00 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 **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.

Location

State NJ

County Cumberland

Area Commercial Twp (20602)

Zoning VR2

Rooms

Main Level Bedrooms 2

Interior

Hot Water Electric

Heating Forced Air

Cooling None

Flooring Luxury Vinyl Plank

Fireplace N

Heat Source Electric, Natural Gas

Laundry Main Floor

Exterior

Garage Spaces 3.0

Waterfront N

Water Access N

Roof Type Flat

Accessibility Ramp - Main Level

Total Parking Spaces 3

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 02-00111-06563

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard


Bright MLS (BMLS)
Listed by Jennifer J Rothenberger • Compass New Jersey, LLC - Moorestown

Mike Ciunci

+1(610) 256-1609

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6415 MAGNOLIA DR