504 Dandelion Rd Millville, NJ 08332
Estimated payment $547/month
Highlights
- No HOA
- Manufactured Home
- Property is Fully Fenced
- Forced Air Heating System
About This Home
**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 **504 Dandelion**, 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**, bonus living area, 2 spacious bedrooms, and a full bath, all nestled on a generous lot with mature trees and four off-street parking spaces. Tenant currently in an active lease until May 2026. Owner occupancy would not be an option until after that time. Cash Only, As-Is Purchase.
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.
Listing Agent
Compass New Jersey, LLC - Moorestown License #RS370988 Listed on: 11/09/2024
Property Details
Home Type
- Manufactured Home
Est. Annual Taxes
- $801
Year Built
- Built in 1980
Lot Details
- 8,002 Sq Ft Lot
- Lot Dimensions are 80.00 x 100.00
- Property is Fully Fenced
- Privacy Fence
Home Design
- Flat Roof Shape
- Frame Construction
Interior Spaces
- 612 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Parking
- 4 Parking Spaces
- 4 Driveway Spaces
Mobile Home
- Manufactured Home
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Well
- Electric Water Heater
- On Site Septic
Listing and Financial Details
- Tax Lot 09005
- Assessor Parcel Number 02-00097-09005
Community Details
Overview
- No Home Owners Association
- Laurel Lakes Subdivision
Pet Policy
- No Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $803 | $26,800 | $12,600 | $14,200 |
| 2024 | $803 | $26,800 | $12,600 | $14,200 |
| 2023 | $793 | $26,800 | $12,600 | $14,200 |
| 2022 | $784 | $26,800 | $12,600 | $14,200 |
| 2021 | $772 | $26,800 | $12,600 | $14,200 |
| 2020 | $754 | $26,800 | $12,600 | $14,200 |
| 2019 | $1,566 | $60,100 | $31,600 | $28,500 |
| 2018 | $1,572 | $60,100 | $31,600 | $28,500 |
| 2017 | $1,512 | $60,100 | $31,600 | $28,500 |
| 2016 | $1,460 | $60,100 | $31,600 | $28,500 |
| 2015 | $1,472 | $60,100 | $31,600 | $28,500 |
| 2014 | $1,412 | $60,100 | $31,600 | $28,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/09/2024 11/09/24 | For Sale | $90,000 | -- | $147 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $20,000 | -- | |
| Deed | $30,000 | Continental Title Insurance |
Source: Bright MLS
MLS Number: NJCB2021260
APN: 02-00097-0000-09005
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