541 Fern Rd, MILLVILLE, NJ

$115,000

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3

Beds

1

Bath

870

Square feet

0.16

Acres

About 541 Fern Rd

**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 **541 Fern**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for more than a year, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 3 bedrooms, a full bath and a covered patio, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. **Photos were taken prior to the tenants moving in, after the seller renovated it. 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!Portfolio includes MLS# NJCB2021228, NJCB2021246, NJCB2021260, NJCB2021276, NJCB2021262,NJCB2021278, NJCB2021280, NJCB2021286, NJCB2021284, NJCB2021288, NJCB2021290, NJCB2021294, NJCB2021296, NJCB2021298, NJCB2021300, NJCB2021302, NJCB2021304, NJCB2021306, NJCB2021308, and NJCB2021310.

Features of 541 Fern Rd

MLS® # NJCB2021276
Price $115,000
Bedrooms 3
Bathrooms 1.00
Full Baths 1
Square Footage 870
Acres 0.16
Year Built 1970
Type Residential
Sub-Type Mobile Pre 1976
Style Pre-Fabricated, Single Wide
Status Active

Community Information

Address 541 Fern Rd
Area Commercial Twp (20602)
Subdivision LAUREL LAKES
City MILLVILLE
County CUMBERLAND-NJ
State NJ
Municipality COMMERCIAL TWP
Zip Code 08332

Amenities

Is Waterfront No

Interior

Heating Forced Air
Cooling None
Has Basement No
Fireplace No
# of Stories 1
Stories 1 Story

Exterior

Exterior Frame
Roof Flat

School Information

District COMMERCIAL TOWNSHIP PUBLIC SCHOOLS

Additional Information

Date Listed November 9th, 2024
Days on Market 339
Zoning VR2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass New Jersey, LLC - Moorestown
Contact Info(856) 214-2639

Listing Map

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