Millville, NJ 08332 7121 Samuel Drive

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Presented By: Compass New Jersey, LLC - Moorestown
  • MLS# NJCB2021288
  • 11/09/2024
  • Request Tour
  • Request Info
  • Beds • 3
  • Full/Half Baths • 1 / 1
  • SQFT • 924

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 **7121 Samuel Dr**, offering a prime example of steady rental income. This charming home has been leased by the same tenants for several 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 all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. This unit is wheelchair accessible. 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 7121 Samuel Drive

Bedrooms

Main Level Bedrooms3
Total Bedrooms3

Bathrooms

Bathrooms Half Main Level1
Half Baths1
Total Baths2

Other Interior Features

LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area924
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
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

General for 7121 Samuel Drive

Acceptable FinancingConventional, Cash
AccessibilityRamp - Main Level
Architectural StyleModular/Pre-Fabricated
Association Recreation FeeN
Bathrooms Count Main Level2.00
Bathrooms Full Main Level1
Body TypeSingle Wide
CityMILLVILLE
Condo/Coop Association Y/NNo
Construction MaterialsFrame
Cool FuelNone
CoolingNone
CountyCUMBERLAND
DirectionsBetween Lee and Charles
Full Baths1
Garage Y/NNo
HOANo
HeatingForced Air
Home Warranty Y/NNo
Levels1
Lot Size Square Feet0.00
Lot Size UnitsSquare Feet
MLS AreaCommercial Twp (20602)
ModificationTimestamp2025-01-09T03:20:54
MunicipalityCOMMERCIAL TWP
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG140.69
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 Amount1161.0
Tax Assessed Value38800.0
Tax Lot01067
Tax Year2024
Total SQFT924
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1985
Year Built SourceAssessor
ZoningVR1

Exterior for 7121 Samuel Drive

Land Assessed Value22500.00
Land Use Code
Lot Dimensions75.00 x 0.00
Lot Size Acres0.00
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Total Parking Spaces4
Type of ParkingDriveway
Water Oriented Y/NNo
Water SourceWell
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $130,000
MLS#NJCB2021288
List Date 11/09/2024
Property Type Single Family
Phone 703.929.4729
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