121 27th Street

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121 27th Street

Avalon, NJ 08202
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 Avalon New Jersey
  • Asset encompasses two distinct residential units for occupancy
  • Positioned on 27th Street in an established coastal community
  • Suitable for long term rental or seasonal housing strategies
  • Located within a supply constrained barrier island market

What's Special

Avalon maintains a reputation as a desirable coastal destination in Cape May County, known for its established residential community and seasonal tourism base. This multifamily apartment building is situated on 27th Street, placing it within the heart of this prominent Jersey Shore borough. The property features a total of two units, providing a manageable scale for investors looking to establish a footprint in this highly localized housing market. Given its proximity to the Atlantic coast, the building serves as a practical choice for long-term rentals or seasonal housing for residents drawn to the area’s recreational amenities and beach access. Its configuration allows for straightforward management while capitalizing on the consistent demand for residential space in this supply-constrained barrier island environment. The property presents an opportunity for owners to secure a tangible asset within a stable, high-barrier-to-entry coastal municipality.

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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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