Connect

Find us on...

Dashboard

Marjorie Dick Stuart

  • Cell 240-731-8079
Questions?

7601 Magnolia Dr, MILLVILLE, NJ – $125,000

  • 2 Beds
  • 2 Baths
  • 924 Sqft
  • .32 Acres
  • 2 Beds
  • 2 Baths
  • 924 Sqft
  • .32 Acres

7601 Magnolia Dr

**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 **7601 Magnolia Dr**, offering a prime example of steady rental income. This charming home has been purposely left vacant to offer buyers the opportunity to tour a sample unit. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, and two full baths, 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.

Essential Information

  • MLS® #NJCB2021310
  • Price$125,000
  • Bedrooms2
  • Bathrooms2.00
  • Full Baths2
  • Square Footage924
  • Acres0.32
  • Year Built1980
  • TypeResidential
  • Sub-TypeManufactured
  • StylePre-Fabricated, Single Wide
  • StatusActive

Community Information

  • Address7601 Magnolia Dr
  • AreaCommercial Twp (20602)
  • SubdivisionLAUREL LAKES
  • CityMILLVILLE
  • CountyCUMBERLAND-NJ
  • StateNJ
  • MunicipalityCOMMERCIAL TWP
  • Zip Code08332

Amenities

  • AmenitiesExposed Beams, Pantry

Interior

  • Interior FeaturesFloor Plan-Open
  • HeatingForced Air
  • CoolingNone
  • FireplaceYes
  • # of Fireplaces1
  • FireplacesBrick, Non-Functioning
  • # of Stories1
  • Stories1 Story

Exterior

  • ExteriorFrame
  • WindowsDouble Hung, Vinyl Clad
  • RoofFlat

Exterior Features

Deck(s), Chain Link Fence, Fenced-Partially

School Information

  • DistrictMILLVILLE AREA

Additional Information

  • Date ListedNovember 9th, 2024
  • Days on Market88
  • ZoningVR2

Listing Details

  • Office Contact(856) 214-2639

Office

Compass New Jersey, LLC - Moorestown

Please provide a valid email address.

© 2020 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Coldwell Banker Residential Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Coldwell Banker Residential Realty are marked with the IDX logo and detailed information about each listing includes the name of the listing broker.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

Listing information last updated on February 4th, 2025 at 5:47pm CST.