102 School House Lane

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102 School House Lane

Cape May Court House, NJ 08210
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).

  • The multifamily property contains a total of three individual units.
  • Located at 102 School House Lane in Cape May Court House.
  • The site is positioned within the growing Cape May County market.
  • Asset serves as a residential investment with rental income potential.
  • This apartment building is currently available for purchase.

What's Special

This multifamily apartment building at 102 School House Lane in Cape May Court House, New Jersey, consists of three units. Situated within a coastal community in Cape May County, the property benefits from the steady demand for rental housing typical of this regional market. The site is accessible via regional transit corridors, connecting residents to the broader South Jersey peninsula and its tourism-driven economy. Investors looking for small-scale residential holdings will find this asset suitable for long-term rental income or potential repositioning. The layout serves well for tenants seeking proximity to local services and the regional employment centers that support the year-round population. This building represents a manageable addition to a residential investment portfolio in a well-established submarket.

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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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