**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… Read More 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. 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. Read Less
Courtesy of Jen Rothenberger, Compass New Jersey, LLC - Moorestown [email protected]
Listing Snapshot
Days Online
128
Last Updated
Property Type
Other
Beds
2
Full Baths
2
Square Ft.
924
Lot Size
0.32 Acres
Year Built
1980
MLS Number
NJCB2021310
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
924 sqft living area, 924 sqft above grade (finished), Built in 1980, Major renovation in 2022, Structure Type: Manufactured, 1 floor in unit, 1 levels, Modular/Pre-Fabricated, Frame, Single Wide
Cooling
None, None
Fence
Chain Link, Partially
Fireplaces
1 fireplace, Brick, Non-Functioning
Floors
Luxury Vinyl Plank
Heating
Electric, Natural Gas, Forced Air
Interior Features
Combination Dining/Living, Exposed Beams, Floor Plan - Open, Pantry
Laundry
Has Laundry, Main Floor, Hookup
Lot
14,000 sqft, Lot Size Dimensions: 140.00 x 100.00, 0.32 acres
Property
Other Structures: Above Grade, Below Grade, Outdoor Living Structures: Deck(s)
Roof
Flat
Sewer
On Site Septic
Taxes
Tax Annual Amount: $1,074, Tax Year: 2024
Utilities
Hot Water: Electric
Windows
Double Hung, Vinyl Clad
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.
Contact Kevin Ngo
'VIP' Property Search
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.