542 Gooseberry Rd, MILLVILLE, NJ

$110,000

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2

Beds

Baths

672

Square feet

0.15

Acres

About 542 Gooseberry 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 **542 Goosebery**, offering a prime example of steady rental income. This charming home has been newly leased by a well qualified tenant, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, and a full bath and a half bath, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. 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 542 Gooseberry Rd

MLS® # NJCB2021278
Price $110,000
Bedrooms 2
Bathrooms 1.50
Full Baths 1
Half Baths 1
Square Footage 672
Acres 0.15
Year Built 1970
Type Residential
Sub-Type Mobile Pre 1976
Style Modular/Pre-Fabricated, Single Wide
Status Active

Community Information

Address 542 Gooseberry Rd
Area Commercial Twp
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
Stories 1

Exterior

Exterior Frame
Construction Frame

School Information

District COMMERCIAL TOWNSHIP PUBLIC SCHOOLS

Additional Information

Date Listed November 9th, 2024
Days on Market 356
Zoning VR2
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Ownership Fee Simple

Listing Details

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

Listing Map

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