Laurel Lakes Rentals
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Laurel Lakes Rentals
20 Multifamily Properties Offered at $2,000,000 in Millville, NJ
Investment Highlights
- Portfolio of 20 Income Producing Residential Homes
- Projected Annual NOI $240,000
- Projected CAP rate of 12%
Executive Summary
**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.
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. Don’t miss out on this lucrative opportunity 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.
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. Don’t miss out on this lucrative opportunity in Laurel Lakes!
Data Room Click Here to Access
Taxes & Operating Expenses (Pro forma - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$328,200
|
| Other Income |
$16,380
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$344,580
|
| Taxes |
$17,025
|
| Operating Expenses |
$87,280
|
| Total Expenses |
$104,305
|
| Net Operating Income |
$240,275
|
Taxes & Operating Expenses (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $328,200 |
| Other Income | |
|---|---|
| Annual | $16,380 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $344,580 |
| Taxes | |
|---|---|
| Annual | $17,025 |
| Operating Expenses | |
|---|---|
| Annual | $87,280 |
| Total Expenses | |
|---|---|
| Annual | $104,305 |
| Net Operating Income | |
|---|---|
| Annual | $240,275 |
Property Facts
| Price | $2,000,000 | Status | Active |
| Price / SF | $115.80 / SF | Number of Properties | 20 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 12% | Total Building Size | 17,271 SF |
| Sale Type | Investment | Total Land Area | 4.19 AC |
| Price | $2,000,000 |
| Price / SF | $115.80 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 20 |
| Individually For Sale | 0 |
| Total Building Size | 17,271 SF |
| Total Land Area | 4.19 AC |
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Jennifer Rothenberger -
Compass New Jersey, LLC
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