**Investor Opportunity: Income-Generating Portfolio of 20 Rental Properties in Laurel Lakes** 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… Read More flow and long-term stability. One property within this portfolio is **504 Dandelion**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for several years, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, bonus living area, 2 spacious bedrooms, and a full bath, all nestled on a generous lot with mature trees and four off-street parking spaces. Tenant currently in an active lease until May 2025. Owner occupancy would not be an option until after that time. 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,a0;NJCB2021278, NJCB2021280, NJCB2021286, NJCB2021284, NJCB2021288, NJCB2021290, NJCB2021294, NJCB2021296, NJCB2021298, NJCB2021300, NJCB2021302, NJCB2021304, NJCB2021306, NJCB2021308, and NJCB2021310. Read Less
Courtesy of Jen Rothenberger, Compass New Jersey, LLC - Moorestown [email protected]
Listing Snapshot
Days Online
129
Last Updated
Property Type
Other
Beds
2
Full Baths
1
Square Ft.
612
Lot Size
0.18 Acres
Year Built
1980
MLS Number
NJCB2021260
30 Days Snapshot Of 08332
$254k
+70%
(avg) sold price
32
+52%
homes sold
55
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
612 sqft living area, 612 sqft above grade (finished), Built in 1980, Structure Type: Manufactured, 1 levels, Modular/Pre-Fabricated, Frame, Single Wide
Cooling
None, None
Fence
Fully, Privacy
Heating
Oil, Forced Air
Laundry
Has Laundry
Lot
8,002 sqft, Lot Size Dimensions: 80.00 x 100.00, 0.18 acres
Property
Other Structures: Above Grade, Below Grade
Roof
Flat
Sewer
On Site Septic
Taxes
Tax Annual Amount: $801, Tax Year: 2024
Utilities
Hot Water: Electric
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