406 N Route 47

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406 N Route 47

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 available for purchase in Cape May Court House
  • Asset features 2 residential units for potential income generation
  • Located along the prominent N Route 47 thoroughfare in New Jersey
  • Suitable investment target for those managing small-scale residential holdings
  • Property situated within the central commercial hub of Cape May County

What's Special

This multifamily property at 406 N Route 47 in Cape May Court House is currently available for sale, presenting a functional option for investors seeking a small-scale residential asset. The building contains 2 units, making it suitable for buyers interested in long-term rental management or those looking to add a manageable asset to a portfolio. Cape May Court House serves as a central hub within Cape May County, providing essential services and connectivity to coastal communities throughout the region. The area maintains a steady demand for rental housing due to its year-round workforce and proximity to the Jersey Shore. Whether pursuing a traditional buy-and-hold strategy or exploring residential income opportunities, this apartment building offers a direct entry point into the local market. Investors often gravitate toward this region for its stable demographic trends and the consistent need for diverse housing options across the submarket. Its positioning on a primary arterial route ensures accessibility while remaining integrated into the surrounding residential fabric.

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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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