354 41st Street

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354 41st 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 at 354 41st Street
  • Asset consists of two total residential units
  • Property is currently available for purchase in Avalon
  • Located within the coastal New Jersey residential market
  • Opportunity for investment in a prime shore community

What's Special

This 2-unit apartment building stands at 354 41st Street in Avalon, New Jersey. The property provides a multifamily investment opportunity situated in the heart of a popular coastal community known for its seasonal tourism and steady residential appeal. With two distinct living units, this asset is well-suited for investors seeking a manageable holding in a high-demand Shore region submarket. Avalon maintains a reputation as a stable destination within the Cape May County area, drawing consistent demand for both long-term and short-term housing. Owning a multifamily property in this coastal environment allows for potential rental income optimization or long-term capital appreciation. Given the density and geography of the area, this property functions effectively as a stable addition to a real estate portfolio focused on the mid-Atlantic coastline.

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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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