7601 Magnolia Dr, Millville, NJ 08332
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
7601 Magnolia Dr,Millville, NJ 08332
$125,000
- 2 Beds
- 2 Baths
- 924 sq. ft.
- Mobile / Manufactured
- Active
Listed by: jennifer j rothenberger
Office: compass new jersey, llc. - moorestown
MLS#:NJCB2021310
Source:BRIGHTMLS
Price summary
- Price:$125,000
- Price per sq. ft.:$135.28
About this home
**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. This is available As-Is and Cash Only. It is tenant occupied and the seller will not vacate the tenant to convey the property.
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.
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Home facts
- Year built:1980
- Listing ID #:NJCB2021310
- Added:371 day(s) ago
- Updated:November 15, 2025 at 03:47 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Living area:924 sq. ft.
Heating and cooling
- Heating:Electric, Forced Air, Natural Gas
Structure and exterior
- Roof:Flat
- Year built:1980
- Building area:924 sq. ft.
- Lot area:0.32 Acres
Utilities
- Water:Well
- Sewer:On Site Septic
Finances and disclosures
- Price:$125,000
- Price per sq. ft.:$135.28
- Tax amount:$1,074 (2024)
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