286 N Route 47

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286 N Route 47

Cape May Court House, NJ 08210
Asking Price
$625K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase at $625,000.
  • Property features a total of two residential rental units.
  • Situated at 286 N Route 47 in Cape May Court House.
  • Located within the central region of Cape May County, New Jersey.
  • Asset provides potential for stable rental income in a residential market.

What's Special

Priced at $625,000, this multifamily apartment building located at 286 N Route 47 in Cape May Court House, New Jersey, presents a residential investment opportunity. The property consists of two units, providing a straightforward addition to a local real estate portfolio. Cape May Court House serves as a central hub within Cape May County, offering proximity to coastal amenities and regional thoroughfares that connect residents to both seasonal attractions and year-round employment centers throughout the southern New Jersey peninsula. This asset type suits investors seeking income-generating residential property in a established submarket. The configuration of the units allows for versatile leasing strategies, whether catering to long-term residents or those seeking proximity to the area's growing service-based economy. Given its position along a major transit corridor, the building maintains accessibility for tenants commuting across the region. Prospective buyers should consider the consistent demand for rental housing in this well-connected segment of the county.

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NOI
$80,000
Cap Rate
12.80%
DSCR
2.16
Strong
Cash-on-Cash
22.88%
Monthly Payment
$3,092.159
Annual Cash Flow
$42,894.092

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