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1761 SPRING GARDEN ROAD
MILLVILLE NJ 08332 US

$140,000

Active Listing ID NJCB2021308
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3 bed
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1.00 Bath (1 Full)
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Lot: 0.28 Acres
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Manufactured Home

$140,000

Active Listing ID NJCB2021308
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1761 SPRING GARDEN ROAD **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.

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Property Features

  • Facts
  • Lot Size: 0.28 Acres
  • Property Type: Residential
  • Property Sub-type: Manufactured Home
  • Features
  • Full Bathrooms: 1
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential
  • propertysubtype: Manufactured Home
  • listprice: 140000
  • unparsedaddress: 1761 SPRING GARDEN ROAD
  • postalcity: MILLVILLE
  • stateorprovince: NJ
  • country: US
  • postalcode: 08332
  • bathroomsfull: 1
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.28
  • lotsizeunits: Acres
  • lotsizearea: 0.28
  • livingarea: 1040
  • livingareaunits: Square Feet
  • latitude: 39.323486
  • longitude: -75.020569
  • listagentfullname: Jennifer Rothenberger
  • listagentemail: jennifer.rothenberger@compass.com
  • listagentkey: 3yd-TRENDPA-3217144
  • listagentmlsid: 3217144
  • listagentpreferredphone: 8562142639
  • listagentofficephone: 8562142639
  • listofficekey: 3yd-TRENDPA-CMPNJ1
  • listofficemlsid: CMPNJ1
  • disclaimer: Copyright © 2024 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.
  • sourcesystemid: TRENDPA
  • yearbuilt: 1965
  • listingcontractdate: 2024-11-09
  • listagenturl: https://www.compass.com/
  • countyorparish: CUMBERLAND
  • elementaryschooldistrict: MILLVILLE AREA
  • middleorjuniorschooldistrict: MILLVILLE AREA
  • highschooldistrict: MILLVILLE AREA
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 2
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.02057, 39.323486
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jennifer.rothenberger@compass.com", "ListBrokerageCity":"New York", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Support@Compass.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"10011", "ListBrokerageStateOrProvince":"NY", "ListBrokerageUnitNumber":"Floor 3", "ListBrokerageUnparsedAddress":"90 Fifth Avenue", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"129 Chester AVENUE", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Moorestown", "ListOfficeCountry":"US", "ListOfficeEmail":"camilo.concepcion@compass.com", "ListOfficePostalCode":"08057", "ListOfficeStateOrProvince":"NJ", "ListPriceCurrencyType":"USD", "ListingTitle":"Modular/Pre-Fabricated, Mobile Pre 1976 - MILLVILLE, NJ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1761-Spring-Garden-Rd_Millville_NJ_08332_M50670-20128?f=listhub&s=TRENDPA&m=NJCB2021308&c=rexren", "MLSModificationTimestamp":"2024-11-09T00:34:56Z", "Neighborhoods":[{"Description":null, "Name":"COMMERCIAL TWP"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1067, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/9/2024 1:14:23 PM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Jennifer Rothenberger, Compass New Jersey, LLC - Moorestown, jennifer.rothenberger@compass.com

Copyright © 2024 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.