917 Shirley Avenue

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917 Shirley Avenue

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 asset is located in Erma, New Jersey.
  • This apartment building contains a total of two units.
  • Erma is situated within the broader Cape May County region.
  • The property represents a residential investment opportunity in the area.
  • Coastal market proximity supports consistent rental demand for tenants.

What's Special

Erma serves as a quiet community within Cape May County, situated along the southern coast of New Jersey. This region benefits from proximity to coastal tourism corridors and year-round residential demand, making it a stable environment for housing investments. This multifamily asset consists of two apartment units. Investors may utilize the property as a straightforward rental investment or a component of a larger residential portfolio. The current configuration caters to small-scale tenant needs, providing a practical layout in a coastal submarket where demand for housing remains consistent. The property represents a manageable acquisition for those looking to establish a presence in the local rental market while capitalizing on the area's ongoing residential stability.

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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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