1761 Spring Garden Rd, Millville, NJ 08332
Local realty services provided by:ERA Valley Realty
1761 Spring Garden Rd,Millville, NJ 08332
$140,000
- 3 Beds
- 1 Baths
- 1,040 sq. ft.
- Mobile / Manufactured
- Active
Listed by:jennifer j rothenberger
Office:compass new jersey, llc. - moorestown
MLS#:NJCB2021308
Source:BRIGHTMLS
Price summary
- Price:$140,000
- Price per sq. ft.:$134.62
About this home
**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 recently 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 recently renovated.
Key Investment Highlights:
- **Portfolio Price**: $2,000,000 for 20 properties
- **Annual Gross Income**: $286,700
- **14% CAP Rate**: Strong return potential in a stable, in-demand location
- **Tenant Stability**: Long-term, reliable tenants in place across most properties
- **Maintenance & Management**: Well-maintained homes with minimal future 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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Home facts
- Year built:1965
- Listing ID #:NJCB2021308
- Added:327 day(s) ago
- Updated:October 02, 2025 at 01:39 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Living area:1,040 sq. ft.
Heating and cooling
- Heating:Electric, Forced Air
Structure and exterior
- Roof:Flat
- Year built:1965
- Building area:1,040 sq. ft.
- Lot area:0.28 Acres
Utilities
- Water:Well
- Sewer:On Site Septic
Finances and disclosures
- Price:$140,000
- Price per sq. ft.:$134.62
- Tax amount:$1,080 (2024)
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