7618 Joseph St, MILLVILLE, NJ 08332
Local realty services provided by:ERA Central Realty Group
7618 Joseph St,MILLVILLE, NJ 08332
$115,000
- 3 Beds
- 1 Baths
- 860 sq. ft.
- Mobile / Manufactured
- Active
Listed by:jennifer j rothenberger
Office:compass new jersey, llc. - moorestown
MLS#:NJCB2021300
Source:BRIGHTMLS
Price summary
- Price:$115,000
- Price per sq. ft.:$133.72
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 **7618 Joseph St**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for few years, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 3 spacious bedrooms, a full bath and half bath in the primary bedroom, all nestled on a beautifully landscaped lot with mature trees and two to three off-street parking spaces. Cash only.
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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Home facts
- Year built:1970
- Listing Id #:NJCB2021300
- Added:282 day(s) ago
- Updated:August 18, 2025 at 02:48 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Living area:860 sq. ft.
Heating and cooling
- Heating:Electric, Forced Air, Natural Gas
Structure and exterior
- Roof:Flat
- Year built:1970
- Building area:860 sq. ft.
- Lot area:0.14 Acres
Utilities
- Water:Well
- Sewer:On Site Septic
Finances and disclosures
- Price:$115,000
- Price per sq. ft.:$133.72
- Tax amount:$760 (2024)
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