1045-1047 Lafayette Street

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1045-1047 Lafayette Street

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).

  • Located at 1045-1047 Lafayette Street in Cape May
  • Multifamily apartment building featuring three individual units
  • Property situated within the 08204 zip code area
  • Asset type categorized specifically as an apartment building
  • Investment potential within a prominent New Jersey coastal market

What's Special

This multifamily apartment building contains three units and sits at 1045-1047 Lafayette Street in Cape May, New Jersey. The property provides a residential investment option in a coastal community known for its tourism-driven economy and historic appeal. The local submarket experiences seasonal demand, which typically influences rental strategies for multi-unit properties in this region of the state. Investors looking for a manageable asset in a recognizable New Jersey destination may find the configuration of these units suitable for long-term residential leasing or specialized rental models common in resort towns. Situated near key regional transit routes, the location offers accessibility for residents while remaining within the established residential landscape of Cape May. This three-unit asset represents a straightforward acquisition for those focusing on small-scale multifamily portfolios within established beach communities.

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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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