752 Route 9

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752 Route 9

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).

  • The asset is a two-unit multifamily apartment building.
  • Located at 752 Route 9 in Lower Township, New Jersey.
  • Property is currently offered for sale to prospective investors.
  • Situated in a residential market within Cape May County.
  • Provides potential for localized residential rental income generation.

What's Special

This multifamily apartment building contains two units and is situated at 752 Route 9 in Lower Township, New Jersey. The property provides a residential investment option within this Cape May County municipality, which maintains a steady seasonal economy and a consistent population base. Given the structure of the asset, it is well-suited for an investor seeking a compact rental property or a landlord interested in managing a smaller-scale residential holding in a suburban setting. Its location along a primary thoroughfare allows for accessibility throughout the surrounding coastal region, connecting residents to local services and nearby coastal attractions. The area remains a functional residential submarket that supports stable housing demand for both year-round and seasonal occupants, making this a practical acquisition for those looking to expand their portfolio within the Garden State.

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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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