204 S Commonwealth Avenue

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204 S Commonwealth Avenue

Strathmere, NJ 08248
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 located in Strathmere, New Jersey
  • Property consists of two distinct residential rental units
  • Situated within the coastal submarket of southern New Jersey
  • Asset type suitable for residential income property portfolios
  • Property is currently available for purchase by investors

What's Special

This multifamily apartment building at 204 S Commonwealth Avenue in Strathmere, NJ, consists of 2 units. Situated in a coastal New Jersey community, the property benefits from the regional appeal of the Jersey Shore, characterized by seasonal tourism and a stable local resident base. The location provides accessible proximity to the Atlantic coastline, making it a viable prospect for investors focused on residential rental income or potential long-term holding strategies in this shoreline submarket. Investors will find that the duplex structure offers flexibility for multi-generational living arrangements or a straightforward rental model. Strathmere remains a desirable destination, supported by its quiet atmosphere and regional access to larger commercial hubs in the surrounding county. Prospective buyers may consider the asset for its potential to contribute to a residential portfolio within this specific coastal environment.

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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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