114 Pershing Avenue

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114 Pershing Avenue

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).

  • Two-unit multifamily property for sale in Cape May Court House
  • Asset located at 114 Pershing Avenue in New Jersey
  • Functional apartment building suited for long-term residential investment
  • Property situated within the central Cape May County seat area
  • Access to regional transit routes and local municipal infrastructure

What's Special

This two-unit apartment building located at 114 Pershing Avenue in Cape May Court House provides a straightforward addition to a residential investment portfolio. Situated within the Cape May County seat, the property benefits from a stable regional economy supported by government services and proximity to coastal tourism hubs. The asset type is well-suited for long-term hold strategies or owner-occupant configurations within this established southern New Jersey market. Cape May Court House serves as a central commercial and residential node for the surrounding area, offering consistent demand for rental housing. Investors looking for a manageable multifamily acquisition will find this location provides access to major regional transit routes and essential local infrastructure. This building presents a functional opportunity to secure a foothold in a growing residential market where supply for multi-family units remains a key component of the local housing landscape.

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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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