303 Willow Drive

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303 Willow Drive

Erma, NJ 08204
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Two-unit multifamily apartment building located at 303 Willow Drive
  • Property situated in the suburban market of Erma, New Jersey
  • Asset offers a functional layout for residential rental operations
  • Located within Cape May County near regional employment centers
  • Suitable investment for portfolio diversification in the multifamily sector

What's Special

Investors seeking to expand their residential holdings will find this two-unit multifamily apartment building an efficient addition to a rental portfolio. Situated in Erma, New Jersey, the property benefits from its positioning within the Cape May County area, a region characterized by its coastal appeal and steady demand for year-round and seasonal housing. The asset serves as a functional vehicle for generating consistent rental income, catering to the ongoing need for residential space in this South Jersey community. Given the current configuration, the building is well-suited for a buy-and-hold strategy aimed at long-term capital appreciation and recurring cash flow. The local market maintains a stable demographic profile, supported by its proximity to larger regional employment hubs and tourist destinations along the Jersey Shore. This asset presents a straightforward opportunity to acquire a multi-family holding in a established suburban residential setting.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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