449 22nd Street

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449 22nd 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 sale in Avalon, New Jersey.
  • The property configuration features a total of 2 individual units.
  • Located in the desirable 08202 coastal zip code area.
  • Well-suited for long-term rental income or seasonal vacation use.
  • Positioned within an established residential submarket near the shoreline.

What's Special

This multifamily apartment building consists of 2 units situated in the coastal town of Avalon, New Jersey. Located within the 08202 zip code, the property benefits from the seasonal appeal and steady demand characteristic of this prominent Jersey Shore community. Its residential structure serves as an efficient investment for those looking to manage a boutique asset in a desirable coastal submarket known for its stable population and high barriers to entry. Investors may utilize these units as long-term rental income generators or seasonal vacation dwellings for visitors frequenting the island. The property provides a functional footprint for owners seeking to maintain or improve a small-scale asset in one of the region's more established residential corridors. Whether maintained as a buy-and-hold income stream or repurposed to suit changing local housing needs, this multifamily asset offers a straightforward entry point into the Avalon real estate market.

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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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