2 Steel Road

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2 Steel Road

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 apartment building located in Cape May Court House New Jersey
  • The property features two individual residential rental units
  • Strategic position within the primary administrative center of Cape May County
  • Accessible location near the Garden State Parkway transit corridor
  • Asset type suitable for long-term residential leasing strategies

What's Special

Cape May Court House serves as the bustling administrative hub for Cape May County, situated along the coastal corridor of southern New Jersey. This region maintains a steady demand for rental housing due to its accessibility to both the local government seat and the nearby Atlantic shoreline communities. The area benefits from proximity to major transit arteries including the Garden State Parkway, connecting residents to broader regional employment centers and commercial hubs. 2 Steel Road functions as a multifamily apartment building positioned within this suburban environment. The property consists of 2 units, presenting a straightforward asset for investors seeking residential rental inventory. This building size is well-suited for smaller-scale management operations or individuals focused on stabilizing income-producing assets within a reliable coastal market. Potential uses include long-term residential leasing for local workforce professionals or those seeking the climate and pace of the Jersey Shore throughout the calendar year.

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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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