Millville, NJ 08332 1761 Spring Garden Road

1761 Spring Garden Road Millville, NJ - Image 11761 Spring Garden Road Millville, NJ - Image 21761 Spring Garden Road Millville, NJ - Image 3
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1761 Spring Garden Road Millville, NJ - Image 41761 Spring Garden Road Millville, NJ - Image 51761 Spring Garden Road Millville, NJ - Image 61761 Spring Garden Road Millville, NJ - Image 71761 Spring Garden Road Millville, NJ - Image 81761 Spring Garden Road Millville, NJ - Image 91761 Spring Garden Road Millville, NJ - Image 101761 Spring Garden Road Millville, NJ - Image 111761 Spring Garden Road Millville, NJ - Image 121761 Spring Garden Road Millville, NJ - Image 13
Presented By: Compass New Jersey, LLC - Moorestown
  • MLS# NJCB2021308
  • 11/09/2024
  • Request Tour
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  • Beds • 3
  • Baths • 1
  • SQFT • 1,040

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 **1761 Spring Garden**, offering a prime example of steady rental income. This charming home has been newly 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 newly renovated. 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 1761 Spring Garden Road

Bedrooms

Main Level Bedrooms3
Total Bedrooms3

Bathrooms

Total Baths1

Other Interior Features

LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area1040
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Below Grade Finished Area0
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NNo
Fireplace Y/NNo
FlooringLuxury Vinyl Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Laundry TypeMain Floor, Hookup

General for 1761 Spring Garden Road

Acceptable FinancingConventional, Cash
AccessibilityNone
Architectural StyleModular/Pre-Fabricated
Bathrooms Count Main Level1.00
Bathrooms Full Main Level1
Body TypeDouble Wide
CityMILLVILLE
Condo/Coop Association Y/NNo
Construction MaterialsFrame
Cool FuelNone
CoolingNone
CountyCUMBERLAND
DirectionsOff Keron
ExclusionsTenant Belongings
Full Baths1
Garage Y/NNo
HOANo
HeatingForced Air
Home Warranty Y/NNo
Levels1
Lot Size Square Feet12001.00
Lot Size UnitsSquare Feet
MLS AreaCommercial Twp (20602)
ModificationTimestamp2025-01-09T03:20:39
MunicipalityCOMMERCIAL TWP
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG134.62
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 Amount1080.0
Tax Assessed Value36100.0
Tax Lot00120
Tax Year2024
Total SQFT1040
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1965
Year Built SourceAssessor
ZoningVR1

Exterior for 1761 Spring Garden Road

Land Assessed Value17400.00
Land Use Code
Lot Dimensions120.00 x 100.00
Lot Size Acres0.28
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Total Parking Spaces2
Type of ParkingDriveway
Water Oriented Y/NNo
Water SourceWell
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $140,000
MLS#NJCB2021308
List Date 11/09/2024
Property Type Single Family
Phone 703.929.4729
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