541 FERN RD, Millville, NJ 08332 – NJCB2021276 - Fran Valerio

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Fran Valerio

fvalerio@soldincentralpa.com +1(717) 602-0551

$115,000

Est. payment - /mo

3 Beds

1 Bath

870 SqFt

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UPDATED:

11/09/2024 04:43 AM

Key Details

Property Type Mobile Home

Sub Type Mobile Pre 1976

Listing Status Active

Purchase Type For Sale

Square Footage 870 sqft

Price per Sqft $132

Subdivision Laurel Lakes

MLS Listing ID NJCB2021276

Style Modular/Pre-Fabricated

Bedrooms 3

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 870

Originating Board BRIGHT

Year Built 1970

Annual Tax Amount $858

Tax Year 2023

Lot Size 7,127 Sqft

Acres 0.16

Lot Dimensions 70.00 x 101.82

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 **541 Fern**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for more than a year, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 3 bedrooms, a full bath and a covered patio, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. **Photos were taken prior to the tenants moving in, after the seller renovated it.

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 3

Interior

Hot Water Electric

Heating Forced Air

Cooling None

Furnishings No

Fireplace N

Heat Source Electric

Laundry Main Floor

Exterior

Garage Spaces 2.0

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 Commercial Township Public Schools

Others

Senior Community No

Tax ID 02-00100-10985

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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

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Fran Valerio

+1(717) 602-0551

Listing Specialist, Team Leader | RSRS311467

Listing Specialist, Team Leader RSRS311467

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