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250 JUTE ROAD
MILLVILLE NJ 08332 US

$75,000

Active Listing ID NJCB2021228
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2 bed
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1.00 Bath (1 Full)
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Lot: 0.09 Acres
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Manufactured Home

$75,000

Active Listing ID NJCB2021228
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250 JUTE ROAD **Investor Opportunity: Income-Generating Portfolio of 20 Rental Properties in Laurel Lakes** 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 **250 Jute Rd**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for several years, ensuring minimal vacancy risk and dependable revenue. 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. 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: 0.09 Acres
  • Property Type: Residential
  • Property Sub-type: Manufactured Home
  • Features
  • Full Bathrooms: 1
  • Cooling System: Window Unit(s) A/C
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential
  • propertysubtype: Manufactured Home
  • listprice: 75000
  • unparsedaddress: 250 JUTE ROAD
  • postalcity: MILLVILLE
  • stateorprovince: NJ
  • country: US
  • postalcode: 08332
  • bathroomsfull: 1
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.09
  • lotsizeunits: Acres
  • lotsizearea: 0.09
  • livingarea: 460
  • livingareaunits: Square Feet
  • latitude: 39.329791
  • longitude: -75.034039
  • 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: 1970
  • listingcontractdate: 2024-11-09
  • listagenturl: https://www.compass.com/
  • countyorparish: CUMBERLAND
  • elementaryschooldistrict: MILLVILLE AREA
  • middleorjuniorschooldistrict: MILLVILLE AREA
  • highschooldistrict: MILLVILLE AREA
  • cooling: Window Unit(s) A/C
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 2
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bedroom 1, Bedroom 2
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.03404, 39.329792
  • 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/250-Jute-Rd_Millville_NJ_08332_M54324-35439?f=listhub&s=TRENDPA&m=NJCB2021228&c=rexren", "MLSModificationTimestamp":"2024-11-09T00:28:38Z", "Neighborhoods":[{"Description":null, "Name":"COMMERCIAL TWP"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":591, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/9/2024 1:14:21 PM GMT
Source Updated Date: 11/24/2024 6:57:30 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.