384 41st Street

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384 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 available for purchase in Avalon, New Jersey.
  • Property consists of two separate units for potential rental income.
  • Situated in a coastal community with consistent residential market demand.
  • Suitable asset for investors managing small-scale residential housing portfolios.
  • Located within a well-established submarket of the Cape May region.

What's Special

This multifamily apartment building at 384 41st Street in Avalon, New Jersey, is currently available for sale and represents a functional acquisition for residential investors. Situated within a coastal community known for its seasonal tourism and steady regional appeal, the property consists of two distinct units. Avalon maintains a consistent demand for housing due to its geographic positioning along the Atlantic coast, making this asset suitable for long-term rental income strategies or individual unit management. Investors focused on small-scale residential portfolios will find the configuration practical for maintaining stable occupancy levels. The submarket benefits from infrastructure that supports both permanent residents and summer visitors, contributing to the overall utility of this apartment building. Potential buyers should consider the efficiency of managing a two-unit structure in an established market that continues to serve as a primary residential and vacation destination within the Cape May County region.

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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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