542 Gooseberry Rd

Millville, NJ 08332
  • $110,000

    Price
  • 2

    Bed
  • 1.5

    Bath
  • 672

    SqFt

About the Listing CMPNJ1 - 3217144

**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.

Listing Highlights for 542 Gooseberry Rd

Status Active
Days on Site 314
Property Type Residential
MLS ® NJCB2021278
Year Built 1970
Total Square Footage 672
Lot/Acreage 0.15

Interior Details

  • Bedrooms: 2
  • Bathrooms: 1 Full / 1 Half
  • Appliances:
  • Air Cond:
  • Heating: Forced Air
  • Fireplaces:
  • Floor: Luxury Vinyl Plank
  • Above Ground Sq Ft: 672
  • Below Ground Sq Ft: 0
  • Basement:
  • Other: Main Floor Bedrooms: 2
  • Water: Well

Exterior Details

  • Lot Description: Not New Construction,Horse Property: No
  • Garage Capacity: N/A
  • Parking Spaces: 2
  • Lot Dimensions: 65.00 x 101.82
  • Zoning: VR2
  • Roof:
  • Others:
  • Sewer: On Site Septic
  • Parking Features: Driveway,2+ Spaces,1+ Spaces

Financial Details

  • Tax Amount: $664
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2024

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542 Gooseberry Rd Millville, NJ 08332

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Originating MLS: BRIGHT_MAIN

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