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1761 Spring Garden Road

MILLVILLE, NJ 08332
  • $140,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: NJCB2021308
UPDATED: 226 min ago
$140,000
  • 3
    BEDS
  • 0.28
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,040
    SQFT
  • $135
    $/SQFT
Neighborhood:
Type:
Manufactured Home
Built:
1965
County:

School Ratings & Info

School District:

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 **1761 Spring Garden**, offering a prime example of steady rental income. This charming home has been newly leased, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 3 spacious bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. This unit has a new heater and has been newly renovated. 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 requiredThis 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. Dont 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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. 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. Data last updated: 2024-12-07T23:50:31.843.
www.daunnorealty.com/homes/157701919
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1761 Spring Garden Road MILLVILLE, NJ 08332

  • Price: $140,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 226 min ago
  • ID#: NJCB2021308
3
Beds
1
Baths
0
½ Baths
0.28
Acres
1,040
SQFT
$135
$/SQFT
1965
Built
Neighborhood:
Laurel Lakes
County:
Cumberland
Area:
Commercial Twp (20602)
School District:
Millville Area
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 **1761 Spring Garden**, offering a prime example of steady rental income. This charming home has been newly leased, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 3 spacious bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. This unit has a new heater and has been newly renovated. 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 requiredThis 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. Dont 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.
Exterior Features

Architectural Style Modular/Pre-Fabricated Body Type Double Wide Construction Materials Frame Garage YN No Parking Types Driveway Pool No Pool Roof Flat Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1040 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions Tenant Belongings Fireplace YN No Flooring Luxury Vinyl Plank Furnished No Heating Forced Air Heating YN Yes Laundry Type Main FloorHookup Levels 1 Main Level Bedrooms 3

Property Features

Acceptable Financing ConventionalCash Accessibility Features None Association YN No Central Air YN No Condo YN No Cooling Fuel None Federal Flood Zone YN No Heating Fuel Electric Hot Water Electric Municipality COMMERCIAL TWP Navigable Water YN N New Construction YN No Original MLSNumber 803475402128 Ownership Interest Fee Simple Sale Type Standard Senior Community YN No Sewer On Site Septic Structure Design Type Mobile Pre 1976 Tax Annual Amount 1067.00 Tax Lot 00120 Vacation Rental YN No Water Source Well Year Built Effective 2024 Zoning VR1

Listing courtesy of Compass New Jersey, LLC - Moorestown: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. 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. Data last updated: 2024-12-07T23:50:31.843.
 
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Clark NJ, 07066