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$105,000
402 Days On Site

6415 MAGNOLIA DRIVE
MILLVILLE, NJ 08332

For Sale|Mobile Home|Active
2
Beds
1
Total Bath
1
Full Bath
672
SqFt
$156
/SqFt
1968
Built
Subdivision:
LAUREL LAKES
County:
CUMBERLAND
Listing courtesy of Compass New Jersey, LLC - Moorestown

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215-206-1980
6415 MAGNOLIA DRIVE6415 MAGNOLIA DRIVE6415 MAGNOLIA DRIVE6415 MAGNOLIA DRIVE
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**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 **6415 Magnolia**, offering a prime example of potential steady rental income. This charming home has been recently been vacated and refreshed for its next occupant. With fresh paint, and updated Luxury Vinyl Plank flooring throughout, it offers a cozy and modern vibe. The exterior has also been freshly painted offering sharp curb appeal. The home itself boasts an open-concept living area, 2 spacious bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. This property is listed for rent by owner right now but is also available to be sold independent of the portfolio to an owner occupant. Cash only and As-Is. 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.

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Listing Snapshot
Price 
$105,000
Days On Site 
402 Days
Bedrooms 
2
Inside Area (SqFt) 
672 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
0.14 Acres
Year Built 
1968
MLS® Number 
NJCB2021284
Status 
Active
Property Tax 
$637
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a year agoStatus changed to Active
a year agoListing first seen on site
General Features
Acres 
0.14
Land Lease 
No
Levels 
One
Parking 
Driveway
Parking Spaces 
3
Pets 
No
Property Sub Type 
Mobile Home
Sewer 
Septic Tank
Special Circumstances 
Standard
SqFt Above 
672
SqFt Total 
672
Style 
Modular/Pre-Fabricated
Water Source 
Well
Zoning 
VR2
Interior Features
Appliances 
Electric Water Heater
Flooring 
Vinyl
Heating 
ElectricNatural GasForced Air
Laundry Features 
Main Level
Main Level Bedrooms 
2
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Exterior Features
Construction Details 
Frame
Pool Features 
None
Roof 
Flat
Community Features
MLS Area 
Commercial Twp (20602)
School District 
MILLVILLE AREA
Schools
School District
MILLVILLE AREA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Compass New Jersey, LLC - Moorestown



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Neighborhood & Commute
Source: Walkscore
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