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7601 MAGNOLIA DR MILLVILLE, NJ 08332
- Single Family Home / Resale (MLS)
Property Details for 7601 MAGNOLIA DR, MILLVILLE, NJ 08332
Features
- Price/sqft: $135
- Lot Size: 14000 sq. ft.
- Total Units: 1
- Total Rooms: 4
- Room List: Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
- Stories: 1
- Heating: Fireplace,Forced Air
- Construction Type: Frame
Facts
- Year Built: 01/01/1980
- Property ID: 950873166
- MLS Number: NJCB2021310
- Parcel Number: 02-00025-0000-04384
- Property Type: Single Family Home
- County: CUMBERLAND
- Legal Description: ADDITIONAL LOTS: 22 2
- Zoning: VR2
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. **Investor Opportunity: Income-Generating Portfolio of 20 Rental Properties for $2,000,000**nnPresenting 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.nnOne 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.nnKey Investment Highlights:n- **Portfolio Price**: $2,000,000 for 20 propertiesn- **Annual Gross Income**: $240,000n- **12% CAP Rate**: Strong return potential in a stable, in-demand locationn- **Tenant Stability**: Long-term, reliable tenants in place across all propertiesncommit;n- **Maintenance & Management**: Well-maintained homes with minimal upkeep requirednnThis 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. Dont 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.
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Property Brokerage:
Bright MLS
Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.