111 Davis Road

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111 Davis Road

Rio Grande, NJ 08242
Asking Price
$450K
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 Rio Grande
  • Total building configuration consists of two individual residential units
  • Asset is located at 111 Davis Road in New Jersey
  • Asking price for this investment property is 449900 dollars
  • Strategic position within the growing Cape May County submarket

What's Special

This multifamily apartment building contains two units and is currently available for sale at 111 Davis Road in Rio Grande, New Jersey. Situated in a coastal region known for seasonal tourism and steady residential demand, the property provides a straightforward investment for those looking to expand their portfolio within the Cape May County submarket. Investors can utilize this asset for long-term residential leasing or explore potential vacation rental strategies given the proximity to regional attractions. The surrounding area supports a consistent population base, benefiting from local infrastructure and proximity to major roadways that connect commuters to larger employment hubs in southern New Jersey. This site represents a manageable addition to a small-scale real estate strategy, offering functional living space in a well-established community.

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NOI
$80,000
Cap Rate
17.78%
DSCR
3.00
Strong
Cash-on-Cash
39.48%
Monthly Payment
$2,225.86
Annual Cash Flow
$53,289.683

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