1-2 Rosemans Lane

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1-2 Rosemans Lane

Cape May, NJ 08204
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.
  • Property consists of two individual residential units.
  • Located within the desirable 08204 ZIP code of New Jersey.
  • Suitable asset for investors targeting small-scale residential income properties.
  • Situated in a region with consistent demand for rental housing.

What's Special

This multifamily apartment building at 1-2 Rosemans Lane in Cape May, New Jersey, is available for sale, presenting a practical addition to an investment portfolio. The property comprises two units, making it a manageable asset for investors seeking a foothold in this coastal market. Cape May serves as a prominent destination with a consistent tourism economy and a stable base of seasonal and year-round residents, which historically supports demand for rental housing in the region. Well-suited for buyers focused on small-scale residential holdings, this asset provides clear utility for long-term rental income or potential repositioning. Its position within the 08204 ZIP code places it near regional amenities and the characteristic architecture that defines this historic municipality. The configuration of the building allows for efficient management and maintenance, typical for multi-unit residential properties in mature suburban and coastal settings. Investors looking to acquire property in a recognized New Jersey shore market may find this transaction aligns with their portfolio objectives.

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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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