6415 Magnolia Drive
Listed By Compass
Listed By Compass
Description
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 **6415 Magnolia**, offering...**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 **6415 Magnolia**, offering a prime example of steady rental income. This charming home has been recently 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, 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.
Listing Agent
![Jennifer Rothenberger]()
jennifer.rothenberger@compass.comP: (856)-322-2964
Property Details for 6415 Magnolia Drive
Property Details for 6415 Magnolia Drive
| Status | Active |
|---|---|
| MLS # | NJCB2021284 |
| Days on Market | 40 |
| Taxes | $629 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Fee Simple |
| Year Built | 1968 |
| Lot Size | 0.14 AC / 5,998 SF |
| County | Cumberland County NJ |
Building Information for 6415 Magnolia Drive
Property Information for 6415 Magnolia Drive
- School District Name: MILLVILLE AREA
- School District County ID: 121147425059
- SchoolDistrictSource: Listing Agent
- County: CUMBERLAND
- MLS Area: Commercial Twp (20602)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Senior Community: No
- Association Recreation Fee Y/N: No
- Tax Year: 2023
- Tax Assessed Value: $21,300
- Year Assessed: 2023
- County Tax: $0
- Improvement Assessed Value: $11,100
- City Town Tax: $0
- Land Assessed Value: $10,200
- Clean Green Assessed: No
- Municipal Trash: No
- Land Use Code: 0
- Zoning: VR2
- Tax Lot: 06563
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
- # Bedrooms Count Main Level: 2
- # Bathrooms Count Main Level: 1
- # Bathrooms Full Main Level: 1
- Stories: Main
- Mobile Home Type: Single Wide
- Year Major Reno Remodel: 2024
- Total Finished SQFT: 672.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 672.00
- Total SQFT: 672.00
- Total SQFT Source: Assessor
- Construction Materials: Frame
- Roof: Flat
- Flooring Type: Luxury Vinyl Plank
- Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bathrooms Full-Main Level-1
- # Bathrooms Full: 1
- Lot Size Source: Assessor
- Lot Size Dimensions: 60.00 x 100.00
- Lot Dimensions Source: Assessor
- Parcel ID: 3106570
- Ground Rent Exists: No
- Type Of Parking: Driveway
- Driveway - # of Spaces: 3
- Fireplace: No
- Accessibility Features: Ramp - Main Level
- Laundry Type: Main Floor
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Forced Air
- Heating Fuel: Electric, Natural Gas
- Hot Water: Electric
- Water Source: Well
- Sewer Septic: On Site Septic
- List Agent AOR: NEXUS Association of Realtors
- List Agent URL: www.jensellssj.com
Property History for 6415 Magnolia Drive
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6415 Magnolia Drive
Schools near 6415 Magnolia Drive
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.
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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.