7 Walton Street

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7 Walton Street

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).

  • Five-unit multifamily apartment building available for purchase
  • Property located in the Rio Grande submarket of New Jersey
  • Asset provides efficient density for residential real estate investors
  • Positioned within reach of major Cape May regional corridors
  • Well-suited for buyers seeking stabilized residential rental income

What's Special

This multifamily property at 7 Walton Street in Rio Grande, New Jersey, is available for sale, presenting a straightforward acquisition for investors focused on the local rental market. The asset comprises five residential units, providing a consolidated income stream within this established South Jersey submarket. Rio Grande serves as a central hub for the surrounding Cape May region, benefiting from consistent demand driven by both the year-round workforce and seasonal residents who support the local economy. Given its apartment building configuration, the site functions well for a buyer seeking a manageable multi-family holding in a coastal-adjacent community. The property offers proximity to major arterial routes and local services, ensuring steady access for tenants. Prospective owners will find this an efficient addition to a residential investment portfolio aiming for regional stability near major Atlantic shore destinations.

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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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