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$125,000
402 Days On Site

7601 MAGNOLIA DRIVE
MILLVILLE, NJ 08332

For Sale|Manufactured Home|Active
2
Beds
2
Total Baths
2
Full Baths
924
SqFt
$135
/SqFt
1980
Built
Subdivision:
LAUREL LAKES
County:
CUMBERLAND
Listing courtesy of Compass New Jersey, LLC - Moorestown

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215-206-1980
7601 MAGNOLIA DRIVE7601 MAGNOLIA DRIVE7601 MAGNOLIA DRIVE7601 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 **7601 Magnolia Dr**, offering a prime example of steady rental income. This charming home has recently been rented with the lease starting 9/1/2025 for one year. 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. This is available As-Is and Cash Only. It is tenant occupied and the seller will not vacate the tenant to convey the property. 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.

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Listing Snapshot
Price 
$125,000
Days On Site 
402 Days
Bedrooms 
2
Inside Area (SqFt) 
924 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.32 Acres
Year Built 
1980
MLS® Number 
NJCB2021310
Status 
Active
Property Tax 
$1,074
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
6 months agoStatus changed to Active
a year agoListing first seen on site
General Features
Acres 
0.32
Land Lease 
No
Levels 
One
Parking 
Driveway
Parking Spaces 
3
Pets 
No
Property Sub Type 
Manufactured Home
Sewer 
Septic Tank
Special Circumstances 
Standard
SqFt Above 
924
SqFt Total 
924
Style 
Modular/Pre-Fabricated
Water Source 
Well
Zoning 
VR2
Interior Features
Appliances 
Electric Water Heater
Fireplace 
Yes
Fireplace Features 
Masonry
Fireplaces 
1
Flooring 
Vinyl
Furnished 
Unfurnished
Heating 
ElectricNatural GasForced Air
Interior 
PantryBeamed CeilingsOpen Floorplan
Laundry Features 
Main Level
Main Level Bedrooms 
2
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Exterior Features
Construction Details 
Frame
Fencing 
Chain Link
Patio And Porch 
Deck
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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