7625 Joseph Street
Millville, NJ, 08332 $ 90,000
Bedrooms2 Baths1.0 Sq 588 Monthly Estimate*
$ 561
for $90,000 with 2 bedrooms and 1 full bath. This 588 square foot home was built in 1970 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 **7625 Joseph St**, offering a prime example for the opportunity for steady rental income. This sweet home has been leased by the same tenant for two years, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 cozy bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. Cash only. Key Investment Highlights: - **Portfolio Price**: $2,000,000 for 20 properties - **Annual Gross Income**: $286,736 - **14% 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.
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FeaturesGeneralLiving Area 588
Sewer On Site Septic
Heating Forced Air
Cooling None
Possession Negotiable
Zoning VR1
Architectural Style Modular/Pre-Fabricated
Construction Materials Frame
School District MILLVILLE AREA
Exclusions Tenant Belongings
Year Built 1970
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 Between Keron and Raymond Dr
City MILLVILLE
Senior Community Y/N N
MLS Area Commercial Twp (20602)
Lot Size Units Square Feet
Lot Size Square Feet 12000.00
Tax Annual Amount 792.0
Home Warranty Y/N N
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 153.06
Acceptable Financing Cash
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 00691
Association Recreation Fee N
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InteriorHeating Fuel Natural Gas Electric
Flooring Carpet Luxury Vinyl Plank
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 588
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 Main Floor
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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ExteriorPool 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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* Excluded FeaturesList ByCompass New Jersey, Llc - MoorestownBroker
jennifer.rothenberger@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $561
- Monthly Property Taxes
- $66
- 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.
3533202 Elementary School
3533268 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/9/2024 | $90,000 | | Listed Price |