311 Route 9

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311 Route 9

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).

  • The multifamily property features a total of two residential units.
  • The asset is located directly on Route 9 in Erma, New Jersey.
  • Cape May County offers a consistent local rental market environment.
  • This building is positioned within the 08204 zip code area.
  • The site provides practical access to southern New Jersey regional transit.

What's Special

This two-unit multifamily apartment building sits at 311 Route 9 in Erma, New Jersey. Situated in a region of Cape May County characterized by steady residential growth and access to the regional tourism economy, the property offers a manageable investment profile for those seeking small-scale multifamily holdings. The site maintains a strategic position within the local market, providing proximity to primary transit corridors that connect residents to surrounding employment hubs and essential services across the southern peninsula. Investors may find the asset suitable for various residential leasing strategies, including long-term rentals or as a potential addition to a local housing portfolio. The structure serves as an functional option for those looking to capitalize on housing demand in this growing coastal submarket. Its layout and scale facilitate straightforward management for property owners while maintaining appeal for tenants who prioritize access to both local amenities and the broader regional infrastructure of the New Jersey shoreline.

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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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