7150 Samuel Dr Millville, NJ 08332
Estimated payment $668/month
Highlights
- Open Floorplan
- Walk-In Closet
- Combination Dining and Living Room
- No HOA
- Forced Air Heating System
- En-Suite Bathroom
About This Home
**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 **7150 Samuel Dr**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for the last year, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, with a primary bedroom featuring an attached bath and walk in closet, the second bedroom is on the other end of the home close to the second full bath, all nestled on a beautifully landscaped lot with mature trees and two to three off-street parking spaces. Fully renovated in 2023 with new flooring, some windows, kitchen and baths.
Key Investment Highlights:
- **Portfolio Price**: $2,000,000 for 20 properties
- **Annual Gross Income**: $286,700
- **14% CAP Rate**: Strong return potential in a stable, in-demand location
- **Tenant Stability**: Long-term, reliable tenants in place across most properties
- **Maintenance & Management**: Well-maintained homes with minimal future 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
- Mobile/Manufactured
Est. Annual Taxes
- $670
Year Built
- Built in 1970
Lot Details
- Lot Dimensions are 49.00 x 0.00
Home Design
- Flat Roof Shape
- Frame Construction
Interior Spaces
- 932 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Vinyl Clad Windows
- Combination Dining and Living Room
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- 2 Full Bathrooms
Parking
- 3 Parking Spaces
- 3 Driveway Spaces
Utilities
- Forced Air Heating System
- Well
- Electric Water Heater
- On Site Septic
Community Details
- No Home Owners Association
- Laurel Lakes Subdivision
Listing and Financial Details
- Tax Lot 00638
- Assessor Parcel Number 02-00156-00638
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 | $671 | $22,400 | $9,700 | $12,700 |
| 2024 | $671 | $22,400 | $9,700 | $12,700 |
| 2023 | $663 | $22,400 | $9,700 | $12,700 |
| 2022 | $655 | $22,400 | $9,700 | $12,700 |
| 2021 | $645 | $22,400 | $9,700 | $12,700 |
| 2020 | $630 | $22,400 | $9,700 | $12,700 |
| 2019 | $1,746 | $67,000 | $28,700 | $38,300 |
| 2018 | $1,752 | $67,000 | $28,700 | $38,300 |
| 2017 | $1,686 | $67,000 | $28,700 | $38,300 |
| 2016 | $1,628 | $67,000 | $28,700 | $38,300 |
| 2015 | $1,641 | $67,000 | $28,700 | $38,300 |
| 2014 | $1,575 | $67,000 | $28,700 | $38,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/09/2024 11/09/24 | For Sale | $115,000 | -- | $123 / Sq Ft |
Source: Bright MLS
MLS Number: NJCB2021290
APN: 02-00156-0000-00638
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