597 Seashore Road

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597 Seashore Road

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 apartment building located in Erma, New Jersey
  • Property consists of two residential rental units
  • Asset is situated at the 597 Seashore Road address
  • Investment potential within the established Cape May County market
  • Available for purchase as a residential real estate asset

What's Special

This two-unit multifamily property stands at 597 Seashore Road in Erma, New Jersey. The apartment building provides a residential investment opportunity within Cape May County, a region characterized by its coastal appeal and proximity to popular shore destinations. As a small-scale multifamily asset, the property is well-suited for investors seeking to build a portfolio in an area with consistent demand for long-term or seasonal housing options. Its location offers accessibility to regional thoroughfares, connecting residents to the broader economic base of the Jersey Shore. The straightforward layout of this building allows for efficient management and operation for those looking to expand their real estate holdings in this specific 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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