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MLS# NJCB2021262 – 5205 Doris Drive, Millville, NJ 08332

Price: $85,000
Beds: 3
Baths: 1
Living Area SqFt: 552
Status: Active
Property Type: Mobile Home
Year Built: 1970
Neighborhood: Laurel Lakes
Days on Website: 18

Courtesy of Jen Rothenberger, Compass New Jersey, LLC – Moorestown camilo.concepcion@compass.com

Property Description

**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 **5205 Doris Dr**, 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**, 3 bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and two to three 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, and NJCB2021310.

Open House

Property Details and Features

  • Bathrooms
  • 1 full bathroom
  • 1 full bathroom on main level
  • Bedrooms
  • 3 bedrooms
  • 3 bedrooms on main level
  • Building
  • 552 sqft living area
  • 552 sqft above grade (finished)
  • Built in 1970
  • Structure Type: Mobile Pre 1976
  • 1 levels
  • Modular/Pre-Fabricated
  • Frame
  • Single Wide
  • Cooling
  • None
  • None
  • Fees
  • Ground Rent Pymnt Freq: Annually
  • Heating
  • Electric
  • Forced Air
  • Listing
  • 19 days on market
  • $154 per sqft
  • Property SubType: Mobile Home
  • Concession In Price: Y
  • Location
  • Municipality: COMMERCIAL TWP
  • County: Cumberland
  • MLS Area: Commercial Twp (20602)
  • Subdivision: Laurel Lakes
  • Lot
  • Lot Size Dimensions: 121.00 x 0.00
  • Property
  • Other Structures: Above Grade,Below Grade
  • Roof
  • Flat
  • Schools
  • School District: MILLVILLE AREA
  • Sewer
  • Private Septic Tank
  • Taxes
  • City/Town Tax Pymnt Freq: Annually
  • County Tax Pymnt Freq: Annually
  • Tax Annual Amount: $813
  • Tax Year: 2023
  • Utilities
  • Hot Water: Electric

Property Map

$85,000 – 5205 Doris Drive, Millville, NJ 08332

Street View

Nearby Schools

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This content last updated on November 27, 2024 2:03AM.