541 Fern Road

MILLVILLE, NJ 08332

  • 3 Bed(s)
  • 1.0 Bath(s)
  • 870 Sqft
  • 7127
    Sqft(Lot)
$115,000

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.

  • Property Type

    Residential

  • Subdivision

    Laurel Lakes

  • County

    CUMBERLAND

  • Style

    Modular/Pre-Fabricated

  • AD ID

    47596201

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Property Details

  • Bedroom Information

    • Total Bedrooms : 3
    • Master Bedroom Level: 3

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Laundry Source

    • Laundry Type : Main Floor

    Water/Sewer

    • Water Source : Well

    Interior Features

    • Roof : Flat

    Roofing Information

    • Flat

    Heating & Cooling

    • Cooling: None
    • Heating: Forced Air
    • Cooling Fuel: None
    • 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: On Site Septic

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 7,127
    • Dimensions: 70.00 x 101.82
    • Lot Size (Acres): 0.16
    • Architectural Style: Modular/Pre-Fabricated
    • Main Square Feet: 7,127

    Property Information

    • SQ ft: 870
    • SQ ft (Living Area): 870
    • Total Lot SQ ft: 7,127
    • Subdivision: LAUREL LAKES
    • Financing: Conventional,Cash
    • Appx. Lot Dimensions: 70.00 x 101.82
    • Total Acreage: 0.16
    • New Construction: No
    • Type: Modular/Pre-Fabricated

  • Listing Information

    • Possession: Negotiable
    • Days Of Market: 1

    Lease Information

    • Lease Considered: No

  • Tax Information

    • Annual Tax: $858
    • Tax Year: 2023
    • Total Taxes Payment Frequency: Annually

    Possession

    • Negotiable

    Assessment Information

    • Taxes Assessment Amount: $29,000

  • Parking Information

    • Parking Type: Driveway

    Multi-Unit Information

    • Acceptable Financing: Conventional,Cash
    • Roof: Flat

    Homeowners Association Information

    • Direction: Off of Spring Garden

  • School Information

    • School District: COMMERCIAL TOWNSHIP PUBLIC SCHOOLS

    Utility Information

    • Water Source: Well
    • Sewer: On Site Septic
    • Cooling Fuel: None
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: Off of Spring Garden
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BuyOwner last updated this listing 11/23/2024 @ 18:14

  • MLS: NJCB2021276
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 3 bedrooms which is for sale, it has 870 sqft, 7,127 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.