Share This Listing

Message

949 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Laurel Lakes Rental Portfilio 20 Multifamily Properties Offered at $2,000,000 in Millville, NJ

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Portfolio of 20 Income Producing Residential Homes.
  • Projected Annual NOI $286,736.00
  • Projected CAP rate of 14.34%.

EXECUTIVE SUMMARY

**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.
Key Investment Highlights:
- **Portfolio Price**: $2,000,000 for 20 properties
- **Annual Gross Income**: $387,654
- **14.38% CAP Rate**: Strong return potential in a stable, in-demand location
- **Tenant Stability**: Many 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!

DATA ROOM Click Here to Access

TAXES & OPERATING EXPENSES (PRO FORMA - 2025)

ANNUAL
Gross Rental Income $367,734
Other Income $19,920
Vacancy Loss -
Effective Gross Income $387,654
Taxes $17,551
Operating Expenses $83,367
Total Expenses $100,918
Net Operating Income $286,736

TAXES & OPERATING EXPENSES (PRO FORMA - 2025)

Gross Rental Income
Annual $367,734
Other Income
Annual $19,920
Vacancy Loss
Annual -
Effective Gross Income
Annual $387,654
Taxes
Annual $17,551
Operating Expenses
Annual $83,367
Total Expenses
Annual $100,918
Net Operating Income
Annual $286,736

PROPERTY FACTS

Price $2,000,000
Price / SF $115.80 / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 14.38%
Sale Type Investment
Status Active
Number of Properties 20
Individually For Sale 0
Total Building Size 17,271 SF
Total Land Area 4.49 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
7618 John St, Millville, NJ 08332 Multifamily 2,007 SF 1970 -
7625 John St, Millville, NJ 08332 Multifamily 1,544 SF 1970 -
1761 Spring Garden Rd, Millville, NJ 08332 Multifamily 1,040 SF 1965 -
6301 Whittier Dr, Millville, NJ 08332 Multifamily 938 SF 1970 -
7637 Joseph St, Millville, NJ 08332 Multifamily 938 SF 1970 -
7150 Samuel Dr, Millville, NJ 08332 Multifamily 932 SF 1970 -
7601 Magnolia Dr, Millville, NJ 08332 Multifamily 924 SF 1980 -
7121 Samuel Dr, Millville, NJ 08332 Multifamily 924 SF 1985 -
7754 Raymond Dr, Millville, NJ 08332 Multifamily 924 SF 1970 -
541 Fern Rd, Millville, NJ 08332 Multifamily 870 SF 1970 -
7330 William Ave, Millville, NJ 08332 Multifamily 780 SF 1975 -
432 Delphinium Rd, Millville, NJ 08332 Multifamily 764 SF 1970 -
6801 Battle Ln, Millville, NJ 08332 Multifamily 672 SF 1970 -
6415 Magnolia Dr, Millville, NJ 08332 Multifamily 672 SF 1968 -
542 Gooseberry Rd, Millville, NJ 08332 Multifamily 672 SF 1970 -
504 Dandelion Rd, Millville, NJ 08332 Multifamily 612 SF 1980 -
7306 Keron Dr, Millville, NJ 08332 Multifamily 588 SF 1965 -
5205 Doris Dr, Millville, NJ 08332 Multifamily 552 SF 1970 -
250 Jute Rd, Millville, NJ 08332 Multifamily 468 SF 1970 -
7413 John St, Millville, NJ 08332 Multifamily 450 SF 1968 -
Show More > < Show Less
  • Listing ID: 33833788

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: Laurel Lakes Rental Portfilio, Millville, NJ

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}