504 Dandelion Road
Millville, NJ, 08332 $ 90,000
Bedrooms2 Baths1.0 Sq 612 Monthly Estimate*
$ 561
for $90,000 with 2 bedrooms and 1 full bath. This 612 square foot home was built in 1980 on a lot size of 0.18.
**Investor Opportunity: Income-Generating Portfolio of 20 Rental Properties in Laurel Lakes** 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 **504 Dandelion**, 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**, bonus living area, 2 spacious bedrooms, and a full bath, all nestled on a generous lot with mature trees and four off-street parking spaces. Tenant currently in an active lease until May 2026. Owner occupancy would not be an option until after that time. Cash Only, As-Is Purchase. 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.
See more
FeaturesGeneralLiving Area 612
Sewer On Site Septic
Heating Forced Air
Cooling None
Possession Negotiable
Roof Flat
Zoning VR2
Architectural Style Modular/Pre-Fabricated
Construction Materials Frame
School District COMMERCIAL TOWNSHIP PUBLIC SCHOOLS
Year Built 1980
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
Attached Garage 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 of Doris Dr
City MILLVILLE
Senior Community Y/N N
MLS Area Commercial Twp (20602)
Lot Size Units Square Feet
Lot Size Square Feet 8002.00
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 801.0
Home Warranty Y/N N
Body Type Single Wide
Structure Type Manufactured
Green Verification Y/N N
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 147.06
Acceptable Financing Cash
Additional Parcels Y/N N
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 09005
Association Recreation Fee N
See more
InteriorHeating Fuel Oil
Hot Water Electric
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 612
Half Baths 0
Central Air Y/N N
Total Bedrooms 2
Below Grade Finished Area 0
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
Laundry Type Has Laundry
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
See more
ExteriorPool No Pool
Fencing Fully Privacy
Water Source Well
Type of Parking Driveway
Foundation Details None
Park Name NA
Spa N
Water View Y/N N
Lot Dimensions 80.00 x 100.00
Lot Size Acres 0.18
Private Pool N
Lot Size Source Assessor
Waterfront Y/N N
Horse Y/N N
Pool Y/N N
Land Assessed Value 12600.00
Navigable Water Y/N N
Water Oriented Y/N N
See more
* Excluded FeaturesList ByCompass New Jersey, Llc - MoorestownBroker
jennifer.rothenberger@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $561
- Monthly Property Taxes
- $67
- 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.
Learn more about how to save NearbySingle family listings in Millville, NJ
Average List Price $283,770
Percent of Sale Price 215%
About Millville, NJ 27,303 Population
2% Since 2002
$ 48,593 Median Income
37.71 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
3535127 Elementary School
4306439 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/9/2024 | $90,000 | | Listed Price |