5 Priest Boulevard

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5 Priest Boulevard

Rio Grande, NJ 08242
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 purchase in Rio Grande
  • Asset is situated at 5 Priest Boulevard in New Jersey
  • Located within the established residential submarket of Cape May County
  • Property suits investors targeting consistent residential rental income streams
  • Accessible location supports long-term occupancy for various resident profiles

What's Special

This multifamily apartment building for sale in Rio Grande, New Jersey, presents a functional asset for investors looking to expand their residential portfolio within the Cape May County region. Situated near major local thoroughfares, the property benefits from the steady demand characteristic of this coastal submarket. The area is defined by a mix of year-round residents and seasonal traffic, supporting consistent occupancy potential for residential housing units. Whether managing a long-term rental strategy or planning a repositioning project, the building sits in a location that serves the practical needs of regional workers and residents alike. Investors seeking a foothold in the South Jersey market will find this asset type aligns with typical residential investment goals, providing the necessary infrastructure to generate consistent rental income. The transit-accessible positioning at 5 Priest Boulevard allows for convenient access to nearby municipal services and regional employment hubs, reinforcing the long-term utility of the building within this growing suburban landscape.

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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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