7601 Magnolia Dr, MILLVILLE, NJ

$125,000

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2

Beds

2

Baths

924

Square feet

0.32

Acres

About 7601 Magnolia Dr

**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. 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.

Features of 7601 Magnolia Dr

MLS® # NJCB2021310
Price $125,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 924
Acres 0.32
Year Built 1980
Type Residential
Sub-Type Manufactured
Style Pre-Fabricated, Single Wide
Status Active

Community Information

Address 7601 Magnolia Dr
Area Commercial Twp (20602)
Subdivision LAUREL LAKES
City MILLVILLE
County CUMBERLAND-NJ
State NJ
Municipality COMMERCIAL TWP
Zip Code 08332

Amenities

Amenities Exposed Beams, Pantry
Is Waterfront No

Interior

Interior Features Floor Plan-Open
Heating Forced Air
Cooling None
Has Basement No
Fireplace Yes
# of Fireplaces 1
Fireplaces Brick, Non-Functioning
# of Stories 1
Stories 1 Story

Exterior

Exterior Frame
Exterior Features Deck(s), Chain Link Fence, Fenced-Partially
Windows Double Hung, Vinyl Clad
Roof Flat

School Information

District MILLVILLE AREA

Additional Information

Date Listed November 9th, 2024
Days on Market 238
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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