Millville, NJ 08332,1761 SPRING GARDEN RD
Millville, NJ 08332,1761 SPRING GARDEN RD
Millville, NJ 08332,1761 SPRING GARDEN RD
Millville, NJ 08332,1761 SPRING GARDEN RD
Millville, NJ 08332,1761 SPRING GARDEN RD
Millville, NJ 08332,1761 SPRING GARDEN RD
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$ 140,000
Est. payment | /mo

3 Beds

1 Bath

1,040 SqFt


Save
$ 140,000
Est. payment | /mo
Save

3 Beds

1 Bath

1,040 SqFt

Key Details

Property Type Mobile Home

Sub Type Mobile Pre 1976

Listing Status Active

Purchase Type For Sale

Square Footage 1,040 sqft

Price per Sqft $134

Subdivision Laurel Lakes

MLS Listing ID NJCB2021308

Style Modular/Pre-Fabricated

Bedrooms 3

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 1,040

Originating Board BRIGHT

Year Built 1965

Annual Tax Amount $1,067

Tax Year 2023

Lot Size 0.276 Acres

Acres 0.28

Lot Dimensions 120.00 x 100.00

Property Description

**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 **1761 Spring Garden**, offering a prime example of steady rental income. This charming home has been newly leased, 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. This unit has a new heater and has been newly renovated.

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 3

Interior

Hot Water Electric

Heating Forced Air

Cooling None

Flooring Luxury Vinyl Plank

Furnishings No

Fireplace N

Heat Source Electric

Laundry Main Floor, Hookup

Exterior

Garage Spaces 2.0

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type Driveway

Total Parking Spaces 2

Garage N

Building

Story 1

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

Senior Community No

Tax ID 02-00151-00120

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Jennifer J Rothenberger • Compass New Jersey, LLC - Moorestown
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1761 SPRING GARDEN RD