129 E Memphis Avenue

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129 E Memphis Avenue

Lower Township, NJ 08260
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 Lower Township, New Jersey
  • Asset consists of two distinct residential rental units
  • Strategically positioned near major routes in Cape May County
  • Property is currently available for sale to interested investors
  • Suitable for long-term residential housing or seasonal rentals

What's Special

Investors seeking to expand their residential holdings will find this two-unit apartment building at 129 E Memphis Avenue a functional addition to a Lower Township portfolio. Located in a coastal New Jersey market, this multifamily asset provides a clear opportunity for rental income generation through long-term leases or seasonal housing arrangements common to the Cape May County area. The property structure allows for straightforward management while capitalizing on the consistent demand for apartment inventory in this region of the state. Its proximity to regional thoroughfares ensures accessibility for residents navigating the southern New Jersey peninsula. This apartment building represents a standard investment vehicle suitable for those focused on small-scale residential operations. The layout and sizing are intended to serve stable, multi-tenant occupancy needs in a quiet suburban environment that benefits from regional tourism and a steady year-round population.

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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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