250 Jute Road

MILLVILLE, NJ 08332

  • 2 Bed(s)
  • 1.0 Bath(s)
  • 460 Sqft
  • 4000
    Sqft(Lot)
$75,000

Description

**investor opportunity: income-generating portfolio of 20 rental properties in laurel lakes**

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 **250 jute rd**, offering a prime example of steady rental income. this charming home has been leased by the same tenant for several years, 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.

  • Property Type

    Residential

  • Subdivision

    Laurel Lakes

  • County

    CUMBERLAND

  • Style

    Modular/Pre-Fabricated

  • AD ID

    47596111

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2
    • Master Bedroom Level: 2

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Water/Sewer

    • Water Source : Well

    Interior Features

    • Roof : Flat

    Roofing Information

    • Flat

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Forced Air
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1970
    • Structure: Mobile Pre 1976
    • New Construction: No
    • Built: 1970
    • Construction Material: Frame
    • Roof: Flat
    • Architecture: Modular/Pre-Fabricated
    • Pool/Private: No Pool
    • Roof Type: Flat

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Private Septic Tank

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 4,000
    • Dimensions: 40.00 x 100.00
    • Lot Size (Acres): 0.09
    • Architectural Style: Modular/Pre-Fabricated
    • Main Square Feet: 4,000

    Property Information

    • SQ ft: 460
    • SQ ft (Living Area): 460
    • Total Lot SQ ft: 4,000
    • Subdivision: LAUREL LAKES
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 40.00 x 100.00
    • Total Acreage: 0.09
    • New Construction: No
    • Type: Modular/Pre-Fabricated

  • Listing Information

    • Possession: Negotiable
    • Days Of Market: 1

    Lease Information

    • Lease Considered: No

  • Tax Information

    • Annual Tax: $591
    • Tax Year: 2023
    • Total Taxes Payment Frequency: Annually

    Possession

    • Negotiable

    Assessment Information

    • Taxes Assessment Amount: $20,000

  • Parking Information

    • Parking Type: Driveway

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional
    • Roof: Flat

    Homeowners Association Information

    • Direction: Off of Magnolia

  • School Information

    • School District: MILLVILLE AREA

    Utility Information

    • Water Source: Well
    • Sewer: Private Septic Tank
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: Off of Magnolia
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BuyOwner last updated this listing 12/22/2024 @ 01:28

  • MLS: NJCB2021228
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 2 bedrooms which is for sale, it has 460 sqft, 4,000 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of MILLVILLE , in zip code 08332, this CUMBERLAND County Home , it is in the LAUREL LAKES Subdivision, are nearby neighborhoods.