9 S Commonwealth Avenue

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9 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 at 9 S Commonwealth Avenue.
  • The property is situated in the seaside community of Strathmere.
  • This residential asset consists of 2 individual units.
  • The site is located within the 08248 New Jersey zip code.
  • Suitable for residential investment within the coastal real estate market.

What's Special

Strathmere is a coastal community in New Jersey, known for its serene atmosphere and proximity to the Atlantic Ocean. This multifamily apartment building, situated at 9 S Commonwealth Avenue, represents an asset within this quiet residential market. The property consists of 2 units, making it suitable for investors looking to expand their residential holdings in a shore-focused environment. With its location in the 08248 zip code, the building offers proximity to regional transit routes that support the seasonal and year-round economy of the coastline. Investors may consider various management strategies for these residential units, including long-term leasing or vacation rentals, provided such uses align with local ordinances. The structure serves as a tangible addition to a real estate portfolio looking for small-scale residential opportunities within the coastal corridor.

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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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