406 Alexander Avenue

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406 Alexander Avenue

Cape May Point, NJ 08212
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 asset available for purchase in Cape May Point
  • The property configuration includes two separate residential units
  • Located at 406 Alexander Avenue within a residential submarket
  • Suitable for investors managing boutique coastal housing assets
  • Strategically situated in the desirable Cape May Point region

What's Special

Investors seeking to expand their holdings in Cape May Point, New Jersey, should consider this multifamily apartment building for sale. The asset consists of two distinct units, providing a manageable configuration for those entering the coastal residential market or diversifying an existing portfolio. Cape May Point is known for its quiet, residential character and proximity to the Atlantic shoreline, making this a stable environment for long-term hold strategies. The property at 406 Alexander Avenue benefits from the sustained demand for housing in this regional submarket, where seasonal and year-round interest remains steady. Given the configuration, the site is well-suited for owners looking to oversee a boutique residential asset or those interested in a conversion project. With its location in a highly sought-after area of the Jersey Shore, this apartment building presents a clear path to generating rental income while securing an interest in a established community with a well-defined demographic and consistent appeal.

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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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