7618 JOSEPH ST, Millville, NJ 08332 – NJCB2021300 - Fran Valerio

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Fran Valerio

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

$115,000

Est. payment - /mo

3 Beds

1 Bath

860 SqFt

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UPDATED:

11/09/2024 04:38 AM

Key Details

Property Type Mobile Home

Sub Type Mobile Pre 1976

Listing Status Active

Purchase Type For Sale

Square Footage 860 sqft

Price per Sqft $133

Subdivision Laurel Lakes

MLS Listing ID NJCB2021300

Style Modular/Pre-Fabricated

Bedrooms 3

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 860

Originating Board BRIGHT

Year Built 1970

Annual Tax Amount $751

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 **7618 Joseph St**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for few years, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 3 spacious bedrooms, a full bath and half bath in the primary bedroom, all nestled on a beautifully landscaped lot with mature trees and two to three 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 3

Interior

Hot Water Electric

Heating Forced Air

Cooling None

Flooring Luxury Vinyl Plank

Furnishings No

Fireplace N

Heat Source Electric, Natural Gas

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 Millville Area

Others

Senior Community No

Tax ID 02-00159-00461

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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Fran Valerio

+1(717) 602-0551

Listing Specialist, Team Leader | RSRS311467

Listing Specialist, Team Leader RSRS311467

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