For Sale
$140,0000.28 Acres
For Sale
3 beds • 1 bath • 1,040 sq ft

1761 SPRING GARDEN ROAD, Millville, NJ 08332 - Cumberland County

Residential
Static Google Map
Property ID 21970185

Modular/Pre-Fabricated, Mobile Pre 1976 - MILLVILLE, NJ

**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 **1761 Spring Garden**, offering a prime example of steady rental income. This charming home has been newly leased, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 3 spacious bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. This unit has a new heater and has been newly renovated.

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.

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Location

J

Jennifer Rothenberger

Compass New Jersey, LLC - Moorestown
(856) 214-2639

Message

Jennifer Rothenberger

Compass New Jersey, LLC - Moorestown