10 Swan Avenue

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10 Swan Avenue

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 located at 10 Swan Avenue
  • Asset is situated within the coastal town of Cape May
  • Building comprises a total of two residential units
  • Property is currently available for sale to interested investors
  • Cape May supports a consistent local and seasonal rental market

What's Special

Cape May serves as a prominent coastal destination in New Jersey, known for its historic architecture and consistent tourism-driven economy. Positioned at 10 Swan Avenue, this multifamily apartment building provides a foothold in a market characterized by high seasonal demand and a year-round local population. The property is well-suited for investors looking to capitalize on residential rental income or those interested in managing long-term housing solutions in a popular shoreline community. Its location offers accessibility to the local attractions and infrastructure that support the Cape May region, making it a functional addition to a diverse real estate portfolio. This asset presents a straightforward opportunity for parties interested in acquiring apartment units within this established municipality.

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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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