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7150 Samuel Drive

MILLVILLE, NJ 08332

2 beds
2 baths
932 sqft
$123 per sqft
1970 build

**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 **7150 Samuel De**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for the last year, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, with a primary bedroom featuring an attached bath and walk in closet, the second bedroom is on the other end of the home close to the second full bath, all nestled on a beautifully landscaped lot with mature trees and two to three off-street parking spaces. Fully renovated in 2023 with new flooring, some windows, kitchen and baths. 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 courtesy of BRIGHT / Compass New Jersey, LLC - Moorestown

Last checked: Checking… • Last updated Jan 9, 2025 •

MLS# NJCB2021290 —

The Building

Year Built:

1970
Year Built Source:

Assessor
Roof:

Flat
New Construction:

No
Construction Materials:

Frame
Structure Type:

Mobile Pre 1976
Architectural Style:

Modular/Pre-Fabricated
Levels:

1
Window Features:

Vinyl Clad
Accessibility Features:

None
Basement:

No
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

932
Above Grade Finished SqFt Source:

Assessor
Below Grade Finished Area Units:

Square Feet
Below Grade Unfinished Area Units:

Square Feet
Below Grade Finished SqFt Source:

Assessor
Below Grade Unfinished SqFt Source:

Assessor
Tax Total Finished SqFt:

932

Interior

Interior Features:

Combination Dining/Living, Floor Plan - Open, Primary Bath(s), Walk-in Closet(s)
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

932
Living Area SqFt:

932 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Negotiable

Location

Directions:

Off Raymond Dr
Latitude:

39.31960297
Longitude:

-75.02622223

The Property

Property Type:

Residential
Lot Size Units:

Square Feet
Lot Size Source:

Assessor
Lot Size Dimensions:

49.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

0 Sqft
Exclusions:

Tenant Belongings
Zoning:

VR1
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

02-00156-00638
Tax Year:

2024
Tax Lot:

00638
Tax Annual Amount:

$670
Tax Assessed Value:

$22,400
Year Assessed:

2024
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

2
Bedrooms Main Level:

2

Baths

Total Baths:

2
Full Baths:

2
Main Level Baths:

2.00
Main Level Full Baths:

2

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas, Electric

Utilities

Sewer/Septic:

On Site Septic
Hot Water:

Electric
Water Source:

Well

Schools

School District Name:

Millville Area
School District Source:

Listing Agent

The Community

Subdivision Name:

Laurel Lakes
Senior Community:

No
Pool:

No Pool
HOA:

No
Condo/Coop Association:

No

Parking

Total Garage and Parking Spaces:

3
Garage:

No
Type of Parking:

Driveway
Driveway - # of Spaces:

3

Extra Units

Vacation Rental:

No

Monthly cost estimate

Asking price

$115,000

Expense	Monthly cost
Mortgage	$615
Taxes	$55
Insurance	$31
Utilities	$189 See report
Total	$890/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
11/8/24 Nov 8, 2024	Listed / Active	BRIGHT	$115,000

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This house located in Commercial, NJ 08332 is currently for sale for $115,000. 7150 Samuel Drive is a 932 square foot house with 2 beds and 2 baths. This house is in the attendance area of Haleyville Mauricetown and Port Norris.

Listing Courtesy of: BRIGHT and Compass New Jersey, LLC - Moorestown.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.