383 Route 9

Share this listing

Pre-formatted captions, a short link, and a QR code β€” ready to paste.

Share image
Sized for LinkedIn Β· 1200Γ—627 β€” matches the caption above.
Rendering preview…

383 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).

  • Multifamily asset containing two individual residential units
  • Located at 383 Route 9 in Erma, New Jersey
  • Property situated in the Cape May County region
  • Asset supports residential rental investment strategies
  • Easily accessible location within the local market area

What's Special

Investors seeking an entry-level multifamily asset may consider this apartment building located at 383 Route 9 in Erma, New Jersey. The property comprises two units, providing a straightforward opportunity for residential rental operations in Cape May County. Situated in a region known for its seasonal coastal economy and proximity to popular shore destinations, this asset benefits from steady regional demand for housing. The area serves a mix of local residents and service-sector employees supporting the tourism industry. This multi-unit building is well-positioned for those looking to expand their portfolio with a manageable residential investment in a growing suburban market. Prospective buyers can leverage the existing structure to capture consistent rental income while taking advantage of the established accessibility provided by Route 9. The layout supports efficient property management practices, making it a functional addition to a diverse real estate portfolio in Southern New Jersey.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates β€” verify with your lender and accountant.

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

Location & Travel Times