286 N Delsea Drive

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286 N Delsea Drive

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.
  • The site features two individual residential rental units.
  • Property address is 286 N Delsea Drive in New Jersey.
  • Investment potential within a steady regional housing market.
  • Suitable for investors or owner-occupant residential strategies.

What's Special

This two-unit multifamily apartment building is positioned at 286 N Delsea Drive in Cape May Court House, New Jersey. The property provides a residential investment option within the Cape May region, an area characterized by its steady coastal tourism and year-round local population. Given the configuration of the site, this asset is well-suited for an investor seeking a manageable residential holding or a primary occupant looking to utilize one unit while leasing the other. The location offers proximity to regional transit corridors, providing access to both inland services and the nearby shore communities. This market continues to draw interest due to its blend of seasonal economic activity and established suburban infrastructure, making small-scale multifamily holdings a practical component of a diversified local portfolio. Future owners may leverage the dual-unit layout to capitalize on the ongoing demand for rental housing in the county seat.

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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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