412 Cambridge Avenue

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412 Cambridge 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 located at 412 Cambridge Avenue in Cape May Point
  • The building comprises two distinct residential apartment units
  • Property represents an investment vehicle in the New Jersey coastal market
  • Well-positioned within a community characterized by steady residential and seasonal interest
  • Residential structure suited for rental income or owner-occupancy strategies

What's Special

Cape May Point serves as a desirable coastal destination in New Jersey, attracting seasonal visitors and residents drawn to the serene atmosphere of the Atlantic shoreline. This multifamily apartment building, situated at 412 Cambridge Avenue, provides a tangible footprint in this established seaside community. The property consists of 2 residential units, offering functional space for long-term rental income or potential owner-occupant strategies within the local housing market. Its proximity to regional landmarks and the unique geography of the Cape May peninsula enhances the utility of this residential asset for those seeking to capitalize on the sustained interest in coastal living. Given the constraints of the local inventory, a multi-unit property of this scale presents a practical acquisition for investors looking to expand their footprint in this specific submarket.

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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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