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Key Details
Property Type Mobile Home
Sub Type Mobile Pre 1976
Listing Status Active
Purchase Type For Sale
Square Footage 938 sqft
Price per Sqft $122
Subdivision Laurel Lakes
MLS Listing ID NJCB2021304
Style Modular/Pre-Fabricated
Bedrooms 2
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 938
Year Built 1970
Annual Tax Amount $1,128
Tax Year 2024
Lot Dimensions 126.00 x 0.00
Property Sub-Type Mobile Pre 1976
Source BRIGHT
Property Description
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 **7637 Joseph St**. This property has recently been vacated and refreshed for the next occupant. All new Luxury Vinyl Plank flooring has been installed in the living spaces and new cozy carpet in the bedrooms. Fresh paint inside and out, along with new kitchen cabinets and countertop complete the makeover this home has received. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, a half bath off the primary and a full bath in the hallway, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. The property is listed for rent by owner or is available to be separately purchased for an owner occupant. Property to convey As-Is. Cash only.
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.
Location
State NJ
County Cumberland
Area Commercial Twp (20602)
Zoning VR1
Rooms
Main Level Bedrooms 2
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Flooring Carpet, Luxury Vinyl Plank
Furnishings No
Fireplace N
Heat Source Electric, Natural Gas
Laundry Hookup, Main Floor
Exterior
Garage Spaces 3.0
View Y/N N
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 3
Garage N
Private Pool N
Building
Story 1
Above Ground Finished SqFt 938
Sewer On Site Septic
Water Well
Architectural Style Modular/Pre-Fabricated
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Millville Area
Others
Pets Allowed N
Senior Community No
Tax ID 02-00161-00697
Ownership Fee Simple
SqFt Source 938
Acceptable Financing Cash
Horse Property N
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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