13 Poplar Street

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13 Poplar Street

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).

  • Multifamily asset located at 13 Poplar Street
  • Building comprises a total of three residential units
  • Situated in the central Cape May Court House area
  • Property offers potential for consistent residential rental income
  • Positioned within a stable and well-connected regional submarket

What's Special

Cape May Court House serves as a central hub within Cape May County, providing a stable residential environment that balances proximity to coastal attractions with year-round community services. This multifamily property at 13 Poplar Street occupies a strategic position in this growing New Jersey market, appealing to investors looking for steady rental demand in a well-established submarket. The area benefits from consistent regional infrastructure and access to local employment sectors, supporting the long-term viability of residential holdings. This apartment building consists of three units, offering a manageable scale for both individual investors and those looking to expand a local portfolio. The asset type allows for diverse leasing strategies suited to the local demographic, whether targeting long-term residents or seasonal occupants. Its physical layout provides straightforward operational potential in a location characterized by its accessibility and proximity to essential services, schools, and transportation corridors across the Cape May peninsula.

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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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