250 Jute Road Millville, NJ $ 75,000
250 Jute Road
$ 75,000
Share Save

250 Jute Road

Millville, NJ, 08332
$ 75,000
Bedrooms2 Baths1.0 Sq 460

Monthly Estimate*

$ 468

250 Jute Road, Millville, NJ 08332 - Image 1
250 Jute Road, Millville, NJ 08332 - Image 2
250 Jute Road, Millville, NJ 08332 - Image 3
250 Jute Road, Millville, NJ 08332 - Image 4
250 Jute Road, Millville, NJ 08332 - Image 5
250 Jute Road, Millville, NJ 08332 - Image 6
250 Jute Road, Millville, NJ 08332 - Image 7
250 Jute Road, Millville, NJ 08332 - Image 8
250 Jute Road, Millville, NJ 08332 - Image 9
250 Jute Road, Millville, NJ 08332 - Image 10
250 Jute Road, Millville, NJ 08332 - Image 11

Single Family Home for sale in Millville, NJ

for $75,000 with 2 bedrooms and 1 full bath. This 460 square foot home was built in 1970 on a lot size of 0.09.

**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 **250 Jute Rd**, 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**, 2 spacious 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**: $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

Single Family Active

Price

$ 75,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 598

Style

Modular/Pre-Fabricated

Lot Size

0.09

Year Built

1970

Town/City

Millville

County/Region

Cumberland

MLS | Web ID

NJCB2021228

Features
General
Living Area 460
Sewer Private Septic Tank
Heating Forced Air
Cooling Window Unit(s)
Possession Negotiable
Roof Flat
Zoning VR2
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 Electric
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 of Magnolia
City MILLVILLE
Senior Community Y/N N
MLS Area Commercial Twp (20602)
Lot Size Units Square Feet
Lot Size Square Feet 4000.00
Tax Annual Amount 598.0
Home Warranty Y/N N
Body Type Single 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 163.04
Acceptable Financing Cash
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 06130
Association Recreation Fee N
See more
Interior
Heating Fuel Electric
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 460
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
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
Exterior
Pool No Pool
Water Source Well
Type of Parking Driveway
Water View Y/N N
Lot Dimensions 40.00 x 100.00
Lot Size Acres 0.09
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 7800.00
Navigable Water Y/N N
Water Oriented Y/N N
See more
Internal Only
Street Number 1 250
See more
* Excluded Features
List By
Compass New Jersey, Llc - Moorestown

Broker

jennifer.rothenberger@compass.com

Email

Affordability Calculator

$518
Per Month
90%
10%
0%
Monthly Principal & Interest
$468
Monthly Property Taxes
$50
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

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3533202 Elementary School
3533268 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/9/2024$75,000 Listed Price

Map


See all

250 Jute Road, Millville, NJ, 08332 is a Single Family Home for sale at $75,000 with 460 sqft and a lot size of 0.09. 250 Jute Road has 2 bedrooms, 1.0 baths, and was built in 1970. The property's zip code is 08332 which is in Millville, NJ