504 Dandelion Rd, MILLVILLE, NJ

$90,000

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2

Beds

1

Bath

612

Square feet

0.18

Acres

About 504 Dandelion Rd

**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 **504 Dandelion**, 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**, bonus living area, 2 spacious bedrooms, and a full bath, all nestled on a generous lot with mature trees and four off-street parking spaces. Tenant currently in an active lease until May 2026. Owner occupancy would not be an option until after that time. Cash Only, As-Is Purchase. 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.

Features of 504 Dandelion Rd

MLS® # NJCB2021260
Price $90,000
Bedrooms 2
Bathrooms 1.00
Full Baths 1
Square Footage 612
Acres 0.18
Year Built 1980
Type Residential
Sub-Type Manufactured
Style Pre-Fabricated, Single Wide
Status Active

Community Information

Address 504 Dandelion Rd
Area Commercial Twp (20602)
Subdivision LAUREL LAKES
City MILLVILLE
County CUMBERLAND-NJ
State NJ
Municipality COMMERCIAL TWP
Zip Code 08332

Amenities

Is Waterfront No

Interior

Heating Forced Air
Cooling None
Has Basement No
Fireplace No
# of Stories 1
Stories 1 Story

Exterior

Exterior Frame
Exterior Features Fenced-Fully, Privacy Fence
Roof Flat
Foundation None

School Information

District COMMERCIAL TOWNSHIP PUBLIC SCHOOLS

Additional Information

Date Listed November 9th, 2024
Days on Market 341
Zoning VR2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass New Jersey, LLC - Moorestown
Contact Info(856) 214-2639

Listing Map

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