18 Avalon Boulevard

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18 Avalon Boulevard

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).

  • Located at 18 Avalon Boulevard in Cape May Court House, New Jersey.
  • Two-unit multifamily apartment building available for purchase.
  • Property situated in a stable and growing southern New Jersey market.
  • Asset provides potential for long-term residential rental income generation.
  • Building is positioned within reach of regional transit and commerce.

What's Special

Cape May Court House serves as a central hub within Cape May County, providing a stable suburban environment that balances proximity to coastal tourist destinations with a year-round residential base. This multifamily asset at 18 Avalon Boulevard consists of two apartment units, positioning it as a manageable acquisition for investors looking to expand their portfolio in a region characterized by consistent rental demand. The property is well-suited for long-term residential housing, catering to the local workforce or small households seeking accessibility to regional transit corridors and nearby commercial centers. Given the composition of the local market, this apartment building presents a straightforward opportunity for stable income generation within a established New Jersey community. Investors can leverage the existing density of the area to maintain occupancy and contribute to the supply of housing in this growing southern New Jersey 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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