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7637 JOSEPH STREET
MILLVILLE NJ 08332 US

$115,000

Active Listing ID NJCB2021304
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2 bed
bath icon
2.00 Bath (1 Full , 1 Half)
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Manufactured Home

$115,000

Active Listing ID NJCB2021304
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7637 JOSEPH STREET **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 **7637 Joseph St**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for two years, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, a half bath off the primary and a full bath in the hallway, 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
  • Property Type: Residential
  • Property Sub-type: Manufactured Home
  • Features
  • Full Bathrooms: 1
  • 1/2 Bathrooms: 1
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential
  • propertysubtype: Manufactured Home
  • listprice: 115000
  • unparsedaddress: 7637 JOSEPH STREET
  • postalcity: MILLVILLE
  • stateorprovince: NJ
  • country: US
  • postalcode: 08332
  • bathroomsfull: 1
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0
  • lotsizeunits: Acres
  • livingarea: 938
  • livingareaunits: Square Feet
  • latitude: 39.3201
  • longitude: -75.023281
  • 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
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 3
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.02328, 39.3201
  • 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/7637-Joseph-St_Millville_NJ_08332_M67939-99322?f=listhub&s=TRENDPA&m=NJCB2021304&c=rexren", "MLSModificationTimestamp":"2024-11-09T00:36:46Z", "Neighborhoods":[{"Description":null, "Name":"COMMERCIAL TWP"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1115, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/9/2024 3:11:55 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.