870 Towerview Road

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870 Towerview 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 available for sale in Erma, New Jersey.
  • The subject property consists of two distinct residential units.
  • Located at 870 Towerview Road in the 08204 zip code.
  • Provides a manageable residential investment opportunity in Cape May County.
  • Well-suited for investors seeking steady rental income streams.

What's Special

The multifamily apartment building at 870 Towerview Road in Erma, New Jersey, is currently available for purchase, presenting a practical addition for a local residential investment portfolio. This property contains two units, providing a manageable scale for investors seeking to expand their holdings within this coastal Cape May County region. The location in Erma offers proximity to regional thoroughfares and serves as a steady residential submarket with consistent demand for rental housing. Investors and property owners will find this asset suitable for long-term hold strategies or as a stable income-producing acquisition. Its residential nature aligns well with the ongoing demand for rental units in suburban New Jersey markets. The property provides a functional layout for tenants, while the two-unit configuration facilitates straightforward management and operational oversight for a landlord.

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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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