304 Kings Highway

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304 Kings Highway

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 featuring two distinct residential units
  • Located on Kings Highway in Cape May Court House
  • Asset sits within the coastal region of Southern New Jersey
  • Suitable for an owner-occupant or a rental income investor
  • Positioned in a central hub for the greater Cape May area

What's Special

This two-unit multifamily apartment building at 304 Kings Highway in Cape May Court House, New Jersey, presents a residential investment asset within a growing regional submarket. Cape May Court House serves as a central hub in Cape May County, providing accessibility to regional infrastructure and area employment centers. The property is well-positioned for investors seeking a stabilized residential holding in a coastal community that experiences steady demand for rental housing year-round. Given the building layout, the asset is suitable for an owner-occupant arrangement or as a dedicated rental investment. The location offers proximity to local commercial services and main arterial roads, facilitating efficient transit throughout the peninsula. Investors will find the scale of this multifamily property allows for manageable operations while contributing to a diversified real estate portfolio. The coastal region continues to draw interest due to its combination of seasonal activity and a consistent local population base.

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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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