541 Fern Road

Millville, NJ 08332

$115,000
Price
3
Beds
1
Bath
870 Sq. Ft.
$132 / Sq. Ft.
870
Sq. Ft.
$132
per Sq. Ft.

Description

**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
...**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.

Listing Agent

Property Details for 541 Fern Road

Tax ID Number
02-00100-10985
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Mobile Pre 1976
Style
Modular/Pre-Fabricated
Levels/Stories
1
Furnished
No
LISTING UPDATED: 11/09/2024 12:43 AM

Property Details for 541 Fern Road

StatusActive
MLS #NJCB2021276
Days on Market9
Taxes$858 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Fee Simple
Year Built1970
Lot Size0.16 AC / 7,127 SF
CountyCumberland County NJ

Building Information for 541 Fern Road

Stories1Year Built1970Building Size-Lot Size0.16 AC / 7,127 SF

Property Information for 541 Fern Road

Location
Location
  • School District Name: COMMERCIAL TOWNSHIP PUBLIC SCHOOLS
  • School District County ID: 300200396119
  • SchoolDistrictSource: Listing Agent
  • County: CUMBERLAND
  • MLS Area: Commercial Twp (20602)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Senior Community: No
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $29,000
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $17,400
  • City Town Tax: $0
  • Land Assessed Value: $11,600
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Land Use Code: 0
  • Zoning: VR2
  • Tax Lot: 10985
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Rooms
Main
  • # Bedrooms Count Main Level: 3
  • # Bathrooms Count Main Level: 1
  • # Bathrooms Full Main Level: 1
Rooms
  • Stories: Main
Building Info
Mobile Home Info
  • Mobile Home Type: Single Wide
Building Info
  • Total Finished SQFT: 870.00
  • Total Finished SQFT Source: Assessor
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 70.00 x 101.82
  • Lot Dimensions Source: Assessor
  • Parcel ID: 3106384
  • Ground Rent Exists: No
  • Ground Rent Payment Frequency: Annually
Parking
Parking
  • Type Of Parking: Driveway
  • Driveway - # of Spaces: 2
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
  • Laundry Type: Main Floor
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Well
  • Sewer Septic: On Site Septic
Confidential Data
Listing Office
  • List Agent AOR: NEXUS Association of Realtors
  • List Agent URL: www.jensellssj.com

Property History for 541 Fern Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 541 Fern Road

Taxable ValueLand$11,600Additions$17,400Total$29,000
Tax Record2023$858 ($72 / month)
Home Facts
Beds0Total Finished SqFt870 SqFtAbove Grade Finished SqFt870 SqFtStories1Lot Size7,126 SqFtStyleSingle Family ResidenceYear Built1970ZoningVR2CountyCUMBERLANDAPN02 00100-0000-10985

Schools near 541 Fern Road

This home is within Commercial Township School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 8
Rating
School
Distance
Commerical Township School
PublicPK to 8

Port Norris Elementary School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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541 Fern Road is a single family home for sale in Millville, NJ 08332. This property was listed for sale on November 9, 2024 by Compass, it's currently listed at $115,000. This listing's school district is Commercial Township School District. Nearby schools include Commerical Township School and Port Norris Elementary School. 541 Fern Road is a 3-bed, 1-bath, 870 sqft single family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.