3 Beds
1 Bath
780 SqFt
3 Beds
1 Bath
780 SqFt
Key Details
Property Type Mobile Home
Sub Type Mobile Pre 1976
Listing Status Active
Purchase Type For Sale
Square Footage 780 sqft
Price per Sqft $147
Subdivision Laurel Lakes
MLS Listing ID NJCB2021296
Style Modular/Pre-Fabricated
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 780
Year Built 1975
Annual Tax Amount $676
Tax Year 2024
Lot Size 5,998 Sqft
Acres 0.14
Lot Dimensions 60.00 x 100.00
Property Sub-Type Mobile Pre 1976
Source BRIGHT
Property Description
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 **7330 William Ave**, offering a prime example of potential rental income. This charming home has been recently been vacated and is in the process of being refreshed for the next tenant. The home itself boasts an open-concept living area, three comfortable bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and four off-street parking spaces. The home features newer kitchen cabinets and countertops, and will have new luxury vinyl flooring throughout the entire home along with fresh paint and all new windows. This unit will rent for $1500 a month.
Key Investment Highlights:
- **Portfolio Price**: $2,000,000 for 20 properties
- **Annual Gross Income**: $286,700
- **14% CAP Rate**: Strong return potential in a stable, in-demand location
- **Tenant Stability**: Long-term, reliable tenants in place across most properties
- **Maintenance & Management**: Well-maintained homes with minimal future 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.
Location
State NJ
County Cumberland
Area Commercial Twp (20602)
Zoning VR1
Rooms
Other Rooms Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Main Level Bedrooms 3
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Flooring Luxury Vinyl Plank
Furnishings No
Fireplace N
Window Features Replacement
Heat Source Natural Gas
Laundry Main Floor
Exterior
Garage Spaces 4.0
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 4
Garage N
Building
Story 1
Above Ground Finished SqFt 780
Sewer On Site Septic
Water Well
Architectural Style Modular/Pre-Fabricated
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Millville Area
Others
Senior Community No
Tax ID 02-00160-01021
Ownership Fee Simple
SqFt Source 780
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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12320 Academy Rd, Philadelphia, Pennsylvania, 19154, USA