7754 Raymond Dr Millville, NJ 08332
Estimated payment $712/month
Highlights
- No HOA
- Forced Air Heating System
- Mobile Home
- Luxury Vinyl Plank Tile Flooring
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 **7754 Raymond Dr**, 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**, 3 spacious bedrooms, and a full bath, 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, and NJCB2021310.
Listing Agent
(856) 322-2964 jennifer.rothenberger@foxroach.com Compass New Jersey, LLC - Moorestown License #RS370988 Listed on: 11/09/2024
Property Details
Home Type
- Mobile/Manufactured
Est. Annual Taxes
- $1,292
Year Built
- Built in 1970
Home Design
- Flat Roof Shape
- Frame Construction
Interior Spaces
- 924 Sq Ft Home
- Property has 1 Level
- Laundry on main level
Flooring
- Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
Utilities
- Forced Air Heating System
- Heating System Uses Oil
- Well
- Electric Water Heater
- On Site Septic
Additional Features
- Lot Dimensions are 115.00 x 0.00
- Single Wide
Community Details
- No Home Owners Association
- Laurel Lakes Subdivision
Listing and Financial Details
- Tax Lot 00701
- Assessor Parcel Number 02-00161-00701
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 | $1,294 | $43,200 | $15,000 | $28,200 |
| 2024 | $1,294 | $43,200 | $15,000 | $28,200 |
| 2023 | $1,278 | $43,200 | $15,000 | $28,200 |
| 2022 | $1,263 | $43,200 | $15,000 | $28,200 |
| 2021 | $1,245 | $43,200 | $15,000 | $28,200 |
| 2020 | $1,215 | $43,200 | $15,000 | $28,200 |
| 2019 | $1,741 | $66,800 | $20,100 | $46,700 |
| 2018 | $1,747 | $66,800 | $20,100 | $46,700 |
| 2017 | $1,681 | $66,800 | $20,100 | $46,700 |
| 2016 | $1,623 | $66,800 | $20,100 | $46,700 |
| 2015 | $1,636 | $66,800 | $20,100 | $46,700 |
| 2014 | $1,570 | $66,800 | $20,100 | $46,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/09/2024 11/09/24 | For Sale | $115,000 | -- | $124 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $38,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $13,000 | Purchase Money Mortgage |
Source: Bright MLS
MLS Number: NJCB2021306
APN: 02-00161-0000-00701
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