7150 Samuel Drive Millville, NJ $ 115,000
7150 Samuel Drive
$ 115,000
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7150 Samuel Drive

Millville, NJ, 08332
$ 115,000
Bedrooms2 Baths2.0 Sq 932

Monthly Estimate*

$ 717

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Single Family Home for sale in Millville, NJ

for $115,000 with 2 bedrooms and 2 full baths. This 932 square foot home was built in 1970.

**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 **7150 Samuel Dr**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for the last year, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, with a primary bedroom featuring an attached bath and walk in closet, the second bedroom is on the other end of the home close to the second full bath, all nestled on a beautifully landscaped lot with mature trees and two to three off-street parking spaces. Fully renovated in 2023 with new flooring, some windows, kitchen and baths. 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

$ 115,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 670

Style

Modular/Pre-Fabricated

Year Built

1970

Town/City

Millville

County/Region

Cumberland

MLS | Web ID

NJCB2021290

Features
General
Living Area 932
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 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 2
Status ACTIVE
Directions Off Raymond Dr
City MILLVILLE
Senior Community Y/N N
MLS Area Commercial Twp (20602)
Lot Size Units Square Feet
Lot Size Square Feet 0.00
Tax Annual Amount 670.0
Home Warranty Y/N N
Structure Type Mobile Pre 1976
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 123.39
Acceptable Financing Cash
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 00638
Total Actual Rent 17400.00
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Interior
Interior Amenities Combination Dining/Living Floor Plan - Open Primary Bath(s) Walk-in Closet(s)
Heating Fuel Natural Gas Electric
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Window Features Vinyl Clad
Fireplace Y/N N
Above Grade Finished Area 932
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 2
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Exterior
Pool No Pool
Water Source Well
Type of Parking Driveway
Water View Y/N N
Lot Dimensions 49.00 x 0.00
Lot Size Acres 0.00
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 9700.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 7150
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* Excluded Features
List By
Compass New Jersey, Llc - Moorestown

Broker

jennifer.rothenberger@compass.com

Email

Affordability Calculator

$773
Per Month
93%
7%
0%
Monthly Principal & Interest
$717
Monthly Property Taxes
$56
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$115,000 Listed Price

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7150 Samuel Drive, Millville, NJ, 08332 is a Single Family Home for sale at $115,000 with 932 sqft. 7150 Samuel Drive has 2 bedrooms, 2.0 baths, and was built in 1970. The property's zip code is 08332 which is in Millville, NJ