391 Route 9

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391 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 property is located at 391 Route 9 in Erma, New Jersey.
  • This multifamily apartment building consists of three residential units.
  • The asset is situated within the active Cape May County market.
  • Investors can utilize the building for either long-term or seasonal leasing.
  • The location provides convenient access to local regional transit infrastructure.

What's Special

This multifamily apartment building contains three individual units and is positioned at 391 Route 9 in Erma, New Jersey. The property provides a straightforward investment option within Cape May County, an area known for its strong seasonal tourism economy and consistent demand for residential rental housing. Proximity to major regional transit corridors facilitates access to local beaches and employment hubs throughout the southern New Jersey peninsula. An asset of this scale suits private investors looking for a manageable portfolio addition or a starter property in a established suburban market. The configuration allows for flexible leasing strategies, catering to either long-term residents or those seeking seasonal housing in the coastal region. Prospective buyers will find this building well-situated to benefit from the steady population growth and economic activity characteristic of the Cape May submarket.

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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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