302 Dias Creek Road

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302 Dias Creek 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 units available for sale.
  • Positioned in a key regional hub within Cape May County.
  • Suitable for investors targeting small-scale residential rental portfolios.
  • Provides convenient access to local coastal amenities and area roadways.

What's Special

This multifamily property at 302 Dias Creek Road in Cape May Court House, New Jersey, is currently available for sale. Comprised of two units, this apartment building presents a clear acquisition target for investors seeking a stabilized residential asset in the Cape May County market. The local submarket benefits from its proximity to coastal tourism corridors and year-round residential demand, providing a steady base for potential rental income. Cape May Court House serves as a central hub within the region, offering accessibility to major regional thoroughfares that connect residents to surrounding employment centers and community resources. Prospective buyers will find that this duplex configuration allows for straightforward management while maintaining strong utility for long-term hold strategies. The asset's location provides tenants with convenient access to the coastal lifestyle that defines this part of the state, ensuring consistent appeal for renters. This property is well-suited for private investors or professional groups aiming to expand their local residential portfolio with a manageable and functional building.

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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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