7601 Magnolia Dr Millville, NJ 08332
Estimated payment $770/month
Total Views
14,101
2
Beds
2
Baths
924
Sq Ft
$135
Price per Sq Ft
Highlights
- Open Floorplan
- No HOA
- Luxury Vinyl Plank Tile Flooring
- Deck
- Beamed Ceilings
- Forced Air Heating System
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 **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.
Listing Agent
Compass New Jersey, LLC - Moorestown License #RS370988 Listed on: 11/09/2024
Property Details
Home Type
- Manufactured Home
Est. Annual Taxes
- $1,074
Year Built
- Built in 1980 | Remodeled in 2022
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 140.00 x 100.00
- Partially Fenced Property
- Chain Link Fence
- Property is in excellent condition
Home Design
- Flat Roof Shape
- Frame Construction
Interior Spaces
- 924 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Beamed Ceilings
- Non-Functioning Fireplace
- Brick Fireplace
- Vinyl Clad Windows
- Double Hung Windows
- Combination Dining and Living Room
- Luxury Vinyl Plank Tile Flooring
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Parking
- 3 Parking Spaces
- 3 Driveway Spaces
Utilities
- No Cooling
- Forced Air Heating System
- Well
- Electric Water Heater
- On Site Septic
Additional Features
- Deck
- Manufactured Home
Listing and Financial Details
- Tax Lot 04384
- Assessor Parcel Number 02-00025-04384
Community Details
Overview
- No Home Owners Association
- Laurel Lakes Subdivision
Pet Policy
- No Pets Allowed
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $1,075 | $35,900 | $19,800 | $16,100 |
| 2024 | $1,075 | $35,900 | $19,800 | $16,100 |
| 2023 | $1,062 | $35,900 | $19,800 | $16,100 |
| 2022 | $1,050 | $35,900 | $19,800 | $16,100 |
| 2021 | $1,034 | $35,900 | $19,800 | $16,100 |
| 2020 | $1,010 | $35,900 | $19,800 | $16,100 |
| 2019 | $2,020 | $77,500 | $38,800 | $38,700 |
| 2018 | $2,027 | $77,500 | $38,800 | $38,700 |
| 2017 | $1,950 | $77,500 | $38,800 | $38,700 |
| 2016 | $1,883 | $77,500 | $38,800 | $38,700 |
| 2015 | $1,898 | $77,500 | $38,800 | $38,700 |
| 2014 | $1,821 | $77,500 | $38,800 | $38,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/09/2024 11/09/24 | For Sale | $125,000 | -- | $135 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $25,000 | -- |
Source: Public Records
Similar Homes in Millville, NJ
Source: Bright MLS
MLS Number: NJCB2021310
APN: 02-00025-0000-04384
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 7611 Whittier Dr
- 232 Gooseberry Rd
- 7798 Battle Ln
- 337 Cherry Rd
- 7800 Battle Ln
- 7201 Battle Ln
- 432 Mistle Rd
- 420 Doe Place
- 504 Dandelion Rd
- 517 Gooseberry Rd
- 542 Gooseberry Rd
- 340 Robin Rd
- 6801 Battle Ln
- 541 Fern Rd
- 1201 E Buckshutem Rd
- 6410 Whittier Dr
- 1495 E Buckshutem Rd
- 1857 Lakeshore Dr
- 6709 Battle Ln
- 1761 Spring Garden Rd
- 126 S 4th St Unit B
- 126 S 4th St Unit 126 B
- 200 Riverside Dr
- 1204 E Main St
- 6 S 4th St Unit 1
- 6 S 4th St Unit 2
- 6 S 4th St Unit 4
- 6 S 4th St Unit 5
- 6 S 4th St Unit 3
- 1700 Newcombtown Rd
- 217 Fulton St Unit A
- 98 W Main St Unit 1
- 110 N 4th St
- 112 N High St Unit C1
- 112 N High St Unit C2
- 112 N High St Unit B4
- 112 N High St Unit B3
- 112 N High St Unit B2
- 204 W Main St
- 314-316 E Pine St Unit 316 1ST FLOOR