Property

Millville, NJ 08332 7601 Magnolia Drive

7601 Magnolia Drive Millville, NJ - Image 17601 Magnolia Drive Millville, NJ - Image 27601 Magnolia Drive Millville, NJ - Image 3
25 more
7601 Magnolia Drive Millville, NJ - Image 47601 Magnolia Drive Millville, NJ - Image 57601 Magnolia Drive Millville, NJ - Image 67601 Magnolia Drive Millville, NJ - Image 77601 Magnolia Drive Millville, NJ - Image 87601 Magnolia Drive Millville, NJ - Image 97601 Magnolia Drive Millville, NJ - Image 107601 Magnolia Drive Millville, NJ - Image 117601 Magnolia Drive Millville, NJ - Image 127601 Magnolia Drive Millville, NJ - Image 137601 Magnolia Drive Millville, NJ - Image 147601 Magnolia Drive Millville, NJ - Image 157601 Magnolia Drive Millville, NJ - Image 167601 Magnolia Drive Millville, NJ - Image 177601 Magnolia Drive Millville, NJ - Image 187601 Magnolia Drive Millville, NJ - Image 197601 Magnolia Drive Millville, NJ - Image 207601 Magnolia Drive Millville, NJ - Image 217601 Magnolia Drive Millville, NJ - Image 227601 Magnolia Drive Millville, NJ - Image 237601 Magnolia Drive Millville, NJ - Image 247601 Magnolia Drive Millville, NJ - Image 257601 Magnolia Drive Millville, NJ - Image 267601 Magnolia Drive Millville, NJ - Image 277601 Magnolia Drive Millville, NJ - Image 287601 Magnolia Drive Millville, NJ - Image 29
Presented By: Compass New Jersey, LLC - Moorestown
  • MLS# NJCB2021310
  • 11/09/2024
  • Request Tour
  • Request Info
  • Beds • 2
  • Baths • 2
  • SQFT • 924

Home Details

**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 been purposely left vacant to offer buyers the opportunity to tour a sample unit. 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. Dont 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.
Presented By: Compass New Jersey, LLC - Moorestown

Interior Features for 7601 Magnolia Drive

Bedrooms

Main Level Bedrooms2
Total Bedrooms2

Bathrooms

Bathrooms Half Main Level0
Half Baths
Total Baths2

Other Interior Features

LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area924
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NNo
Basement (Y/N)No
Below Grade Finished Area0
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NNo
Fireplace FeaturesBrick, Non-Functioning
Fireplace Y/NYes
FlooringLuxury Vinyl Plank
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesCombination Dining/Living, Exposed Beams, Floor Plan - Open, Pantry
Laundry TypeHas Laundry, Main Floor, Hookup
Total Fireplaces1
Window FeaturesDouble Hung, Vinyl Clad

General for 7601 Magnolia Drive

Acceptable FinancingCash
AccessibilityNone
Additional Parcels Y/NNo
Architectural StyleModular/Pre-Fabricated
Association Recreation FeeN
Attached Garage No
Bathrooms Count Main Level2.00
Bathrooms Full Main Level2
Body TypeSingle Wide
CityMILLVILLE
Condo/Coop Association Y/NNo
Construction MaterialsFrame
Cool FuelNone
CoolingNone
CountyCUMBERLAND
DirectionsOff Evergreen Rd
Floors In Unit Count1
Full Baths2
Garage Y/NNo
Green Verification Y/NNo
HOANo
HeatingForced Air
Historic Y/NNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Levels1
Lot Size Square Feet14000.00
Lot Size UnitsSquare Feet
MLS AreaCommercial Twp (20602)
ModificationTimestamp2025-07-15T21:35:49
MunicipalityCOMMERCIAL TWP
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
Patio/Porch FeaturesDeck(s)
PossessionNegotiable
Price Per Sq Ft Total AG135.28
Property Attached Y/NNo
Property ConditionExcellent
Property TypeResidential
RoofFlat
School DistrictMILLVILLE AREA
Senior Community Y/NNo
SewerOn Site Septic
Standard StatusActive
StatusACTIVE
Structure TypeManufactured
Subdivision NameLAUREL LAKES
Tax Annual Amount1074.0
Tax Assessed Value35900.0
Tax Lot04384
Tax Year2024
Total SQFT924
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1980
Year Built SourceAssessor
ZoningVR2

Exterior for 7601 Magnolia Drive

FencingChain Link, Partially
Horse Y/NNo
Land Assessed Value19800.00
Land Use Code
Lot Dimensions140.00 x 100.00
Lot Size Acres0.32
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Pool Y/NNo
Private PoolNo
SpaNo
Total Parking Spaces3
Type of ParkingDriveway
Water Oriented Y/NNo
Water SourceWell
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $125,000
MLS#NJCB2021310
List Date 11/09/2024
Property Type Manufactured
Request Tour
Request Info
Visit My Website

Similar Properties to 7601 Magnolia Drive

Get Pre-approved