309 E Pacific Avenue

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309 E Pacific Avenue

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).

  • Located at 309 E Pacific Avenue in Cape May Court House
  • Multifamily apartment building available for purchase
  • Property contains two individual residential units
  • Situated in a central administrative and commercial hub
  • Asset provides accessible options for regional residential tenants

What's Special

Cape May Court House serves as a vital commercial and administrative hub within Cape May County, providing accessibility to regional tourism and year-round residential markets. This multifamily asset located at 309 E Pacific Avenue is situated within this stable suburban landscape, benefiting from proximity to local employment centers and essential community services. The building provides a functional residential configuration, suitable for investors seeking a smaller footprint in a well-established submarket that maintains consistent demand for rental housing. Comprised of two distinct units, the property offers a straightforward residential investment opportunity. Its position in the heart of the county seat allows residents convenient transit options to both the Delaware Bay and the Atlantic coastline. This asset is well-positioned for those looking to expand their portfolio with manageable residential inventory in a market known for its long-term stability and sustained regional interest.

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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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