6415 Magnolia Drive

MILLVILLE, NJ 08332

  • 2 Bed(s)
  • 1.0 Bath(s)
  • 672 Sqft
  • 5998
    Sqft(Lot)
$105,000

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 **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.

  • Property Type

    Residential

  • Subdivision

    Laurel Lakes

  • County

    CUMBERLAND

  • Style

    Modular/Pre-Fabricated

  • AD ID

    47596204

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2
    • Master Bedroom Level: 2

    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,Natural Gas

  • Building Information

    • Year Built: 1968
    • Structure: Mobile Pre 1976
    • New Construction: No
    • Built: 1968
    • 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: 5,998
    • Dimensions: 60.00 x 100.00
    • Lot Size (Acres): 0.14
    • Architectural Style: Modular/Pre-Fabricated
    • Main Square Feet: 5,998

    Property Information

    • SQ ft: 672
    • SQ ft (Living Area): 672
    • Total Lot SQ ft: 5,998
    • Subdivision: LAUREL LAKES
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 60.00 x 100.00
    • Total Acreage: 0.14
    • New Construction: No
    • Type: Modular/Pre-Fabricated

  • Listing Information

    • Possession: Negotiable
    • Days Of Market: 1

    Lease Information

    • Lease Considered: No

  • Tax Information

    • Annual Tax: $629
    • Tax Year: 2023
    • Total Taxes Payment Frequency: Annually

    Possession

    • Negotiable

    Assessment Information

    • Taxes Assessment Amount: $21,300

  • Parking Information

    • Parking Type: Driveway

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional
    • Roof: Flat

    Homeowners Association Information

    • Direction: Corner of Magnolia and Olive

  • School Information

    • School District: MILLVILLE AREA

    Utility Information

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

    Location Information

    • Direction: Corner of Magnolia and Olive
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Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2020 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

BuyOwner last updated this listing 11/14/2024 @ 19:57

  • MLS: NJCB2021284
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 2 bedrooms which is for sale, it has 672 sqft, 5,998 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.