693 Townbank Road

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693 Townbank Road

Lower Township, 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 Lower Township
  • Property consists of three individual residential rental units
  • Located at 693 Townbank Road in the 08204 zip code
  • Asset provides an efficient option for residential real estate investors
  • Situated in a stable suburban market in Cape May County

What's Special

This multifamily apartment building at 693 Townbank Road in Lower Township, New Jersey, is currently available for purchase by investors seeking to expand their portfolio. The property features three residential units, making it a manageable asset for those looking to enter or strengthen their presence in the local rental market. Lower Township serves as a stable residential community within the broader Cape May County area, benefiting from proximity to regional transit routes and coastal attractions that drive consistent demand for housing. The configuration of this building makes it an efficient option for income-focused buyers interested in residential real estate. Given the scale of the property, it presents a straightforward opportunity for operational management or potential long-term rental appreciation. Investors will find this a practical addition to a diverse real estate holding.

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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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