314 E Shellbay Avenue

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314 E Shellbay 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).

  • The multifamily asset is located at 314 E Shellbay Avenue.
  • This apartment building contains a total of two residential units.
  • Cape May Court House functions as a central hub for the region.
  • The property is situated in the state of New Jersey.
  • The building layout is appropriate for long-term residential investment strategies.

What's Special

Cape May Court House serves as the bustling administrative and commercial hub of Cape May County, situated within a region characterized by its coastal appeal and steady year-round population. This multifamily apartment building at 314 E Shellbay Avenue provides a residential footprint in a central location convenient to the area's essential services and infrastructure. As a two-unit asset, the property functions as a manageable investment suitable for investors seeking a small-scale multi-family holding in a established community. The layout is well-suited for long-term residential leasing, catering to the ongoing housing demand driven by local employees and those attracted to the proximity of the Jersey Shore. Prospective buyers will find this an accessible entry point or a stable addition to a portfolio focused on the South Jersey real estate market. The asset's strategic position near major regional thoroughfares ensures accessibility for tenants while maintaining the quiet character typical of this suburban locale.

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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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