1761 Spring Garden Road Millville, NJ $ 140,000
1761 Spring Garden Road
$ 140,000
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1761 Spring Garden Road

Millville, NJ, 08332
$ 140,000
Bedrooms3 Baths1.0 Sq 1,040

Monthly Estimate*

$ 873

1761 Spring Garden Road, Millville, NJ 08332 - Image 1
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Single Family Home for sale in Millville, NJ

for $140,000 with 3 bedrooms and 1 full bath. This 1,040 square foot home was built in 1965 on a lot size of 0.28.

**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 recently 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 recently renovated. Key Investment Highlights: - **Portfolio Price**: $2,000,000 for 20 properties - **Annual Gross Income**: $286,700 - **14% CAP Rate**: Strong return potential in a stable, in-demand location - **Tenant Stability**: Long-term, reliable tenants in place across most properties - **Maintenance & Management**: Well-maintained homes with minimal future 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.

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Single Family Active

Price

$ 140,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 1,080

Style

Modular/Pre-Fabricated

Lot Size

0.28

Year Built

1965

Town/City

Millville

County/Region

Cumberland

MLS | Web ID

NJCB2021308

Features
General
Living Area 1040
Sewer On Site Septic
Heating Forced Air
Cooling None
Possession Negotiable
Roof Flat
Zoning VR1
Architectural Style Modular/Pre-Fabricated
Construction Materials Frame
School District MILLVILLE AREA
Exclusions Tenant Belongings
Year Built 1965
Levels 1
Tax Year 2024
Ownership Fee Simple
Cool Fuel None
Municipality COMMERCIAL TWP
Accessibility None
County CUMBERLAND
New Construction N
Property Type Residential
HOA N
Subdivision Name LAUREL LAKES
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 1
Status ACTIVE
Directions Off Keron
City MILLVILLE
Senior Community Y/N N
MLS Area Commercial Twp (20602)
Lot Size Units Square Feet
Lot Size Square Feet 12001.00
Tax Annual Amount 1080.0
Home Warranty Y/N N
Body Type Double Wide
Structure Type Mobile Pre 1976
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 134.62
Acceptable Financing Cash
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 00120
Total Actual Rent 18000.00
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Interior
Heating Fuel Electric
Flooring Luxury Vinyl Plank
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1040
Half Baths 0
Central Air Y/N N
Total Bedrooms 3
Below Grade Finished Area 0
Main Level Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Laundry Type Main Floor Hookup
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
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Exterior
Pool No Pool
Water Source Well
Type of Parking Driveway
Water View Y/N N
Lot Dimensions 120.00 x 100.00
Lot Size Acres 0.28
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 17400.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1761
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* Excluded Features
List By
Compass New Jersey, Llc - Moorestown

Broker

jennifer.rothenberger@compass.com

Email

Affordability Calculator

$963
Per Month
91%
9%
0%
Monthly Principal & Interest
$873
Monthly Property Taxes
$90
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533202 Elementary School
3533268 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/9/2024$140,000 Listed Price

Map


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1761 Spring Garden Road, Millville, NJ, 08332 is a Single Family Home for sale at $140,000 with 1,040 sqft and a lot size of 0.28. 1761 Spring Garden Road has 3 bedrooms, 1.0 baths, and was built in 1965. The property's zip code is 08332 which is in Millville, NJ