16 4th Avenue

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16 4th 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).

  • Multifamily asset available for purchase in Cape May Court House
  • Residential building layout configured with two distinct apartment units
  • Located within the established and growing Cape May County market
  • Property serves as a functional investment for residential rental income
  • Strategic position supports steady demand for local workforce housing

What's Special

This multifamily property for sale at 16 4th Avenue in Cape May Court House, New Jersey, presents a functional investment option for local housing providers. The asset features an apartment building configuration containing two residential units. Cape May Court House serves as a growing residential and commercial hub within Cape May County, providing steady demand for rental housing options near major regional employment centers and the scenic coastline of southern New Jersey. Investors seeking to bolster a residential portfolio will find this asset suitable for long-term hold strategies or repositioning efforts to match current market occupancy standards. The building is positioned within a suburban environment that benefits from regional transit connectivity, making it a viable addition for those looking to expand their footprint in the Cape May market area.

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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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