314 E Shell Bay Avenue

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314 E Shell Bay Avenue

Cape May Court House, NJ 08210-2747
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).

  • Residential apartment building located in Cape May Court House.
  • The property consists of two individual rental units.
  • Situated at the address of 314 E Shell Bay Avenue.
  • Property sits within a steady South Jersey suburban market.
  • Asset provides potential for long-term residential rental income.

What's Special

Investors seeking a multi-unit acquisition in Cape May Court House will find this apartment building a functional addition to a residential portfolio. Located at 314 E Shell Bay Avenue, the property features two units in a market known for its coastal proximity and steady demand for local housing. Cape May County serves as a significant hub for both permanent residents and those engaged in the regional tourism economy, providing a stable foundation for rental operations. The structure is well-positioned for an owner-occupant or an investor aiming to capitalize on the consistent need for multi-family living options within the community. Its accessible location offers efficient connectivity to major thoroughfares throughout the peninsula, ensuring that tenants remain connected to area services and regional employment centers. This asset presents a straightforward path for those looking to manage a manageable residential investment in a growing suburban setting.

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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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