Millville, NJ 08332 6415 Magnolia Drive

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Presented By: Compass New Jersey, LLC - Moorestown
  • MLS# NJCB2021284
  • 11/09/2024
  • Request Tour
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  • Beds • 2
  • Baths • 1
  • SQFT • 672

Home Details

**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 **6415 Magnolia**, offering a prime example of steady rental income. This charming home has been recently leased by a well qualified tenant, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, and a full bath, 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. Dont 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.
Presented By: Compass New Jersey, LLC - Moorestown

Interior Features for 6415 Magnolia Drive

Bedrooms

Main Level Bedrooms2
Total Bedrooms2

Bathrooms

Bathrooms Half Main Level0
Half Baths
Total Baths1

Other Interior Features

LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area672
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NNo
Basement (Y/N)No
Below Grade Finished Area
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NNo
Fireplace Y/NNo
FlooringLuxury Vinyl Plank
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterElectric
Laundry TypeMain Floor

General for 6415 Magnolia Drive

Acceptable FinancingCash
AccessibilityRamp - Main Level
Additional Parcels Y/NNo
Architectural StyleModular/Pre-Fabricated
Association Recreation FeeN
Attached Garage No
Bathrooms Count Main Level1.00
Bathrooms Full Main Level1
Body TypeSingle Wide
CityMILLVILLE
Condo/Coop Association Y/NNo
Construction MaterialsFrame
Cool FuelNone
CoolingNone
CountyCUMBERLAND
DirectionsCorner of Magnolia and Olive
ExclusionsTenant belongings
Full Baths1
Garage Y/NNo
Green Verification Y/NNo
HOANo
HeatingForced Air
Historic Y/NNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Levels1
Lot Size Square Feet5998.00
Lot Size UnitsSquare Feet
MLS AreaCommercial Twp (20602)
ModificationTimestamp2025-07-11T12:45:00
MunicipalityCOMMERCIAL TWP
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG156.25
Property Attached Y/NNo
Property TypeResidential
RoofFlat
School DistrictMILLVILLE AREA
Senior Community Y/NNo
SewerOn Site Septic
Standard StatusActive
StatusACTIVE
Structure TypeMobile Pre 1976
Subdivision NameLAUREL LAKES
Tax Annual Amount637.0
Tax Assessed Value21300.0
Tax Lot06563
Tax Year2024
Total SQFT672
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1968
Year Built SourceAssessor
ZoningVR2

Exterior for 6415 Magnolia Drive

Horse Y/NNo
Land Assessed Value10200.00
Land Use Code
Lot Dimensions60.00 x 100.00
Lot Size Acres0.14
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Pool Y/NNo
Private PoolNo
SpaNo
Total Parking Spaces3
Type of ParkingDriveway
Water Oriented Y/NNo
Water SourceWell
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $105,000
MLS#NJCB2021284
List Date 11/09/2024
Property Type Single Family
Phone 703.929.4729
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