83 N Beach Avenue

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83 N Beach 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).

  • Two-unit apartment building located in Cape May Court House.
  • Property situated at 83 N Beach Avenue in New Jersey.
  • Residential multifamily asset suitable for long-term rental income.
  • Strategically positioned within an accessible coastal region submarket.
  • Manageable building size for efficient and direct asset oversight.

What's Special

Investors seeking to expand their residential holdings will find this two-unit apartment building at 83 N Beach Avenue a practical addition to a portfolio. Located in Cape May Court House, New Jersey, the property serves as a stable residential asset within a coastal market that benefits from consistent regional demand. The layout offers versatility for landlords focused on long-term rental income or potential owner-occupant strategies. This area of Cape May County provides a supportive economic base with access to local services and transportation corridors, making it a viable location for multi-family residential operations. The compact, manageable footprint of this building simplifies property oversight while contributing to a diversified real estate strategy in this suburban New Jersey landscape.

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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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