2219 Avalon Avenue

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2219 Avalon Avenue

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 asset containing two separate residential apartment units
  • Located on Avalon Avenue within the Avalon, New Jersey area
  • Well-suited for residential investment in a coastal community
  • Positioned in a region characterized by consistent seasonal demand
  • Available for acquisition within a desirable Cape May County location

What's Special

This multifamily apartment building comprises two units situated on Avalon Avenue in Avalon, New Jersey. Located within a coastal community known for its seasonal population and tourism-driven economy, the asset provides a manageable scale for investors targeting the regional residential market. The property benefits from its position in a highly accessible area of Cape May County, which remains a consistent draw for both vacationers and long-term residents. Given the configuration, the site functions well for a residential investment portfolio or as a strategic holding for those looking to capitalize on local housing demand. The layout offers versatility for owners seeking to lease individual units in a market defined by its beach-oriented lifestyle and steady growth.

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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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