1213 Lafayette Street

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1213 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).

  • Residential apartment building located at 1213 Lafayette Street in Cape May
  • The property features two individual units for potential income generation
  • Cape May maintains a strong reputation for coastal tourism and residency
  • Asset provides a small-scale investment opportunity within New Jersey
  • Accessible location near regional roads supports consistent tenant demand

What's Special

Cape May serves as a prominent coastal destination in New Jersey, known for its historic Victorian architecture and steady tourism-driven economy. This apartment building at 1213 Lafayette Street benefits from the area's ongoing demand for residential housing in a highly accessible part of the municipality. The property provides a small-scale investment prospect within a market that experiences seasonal fluctuations and consistent year-round occupancy interest. Comprising two units, this asset functions as a manageable holding for investors interested in residential income streams. Its location allows for convenient access to local amenities and regional thoroughfares, making it a functional choice for long-term tenants or seasonal occupants. The multifamily structure provides an entry point into the Cape May real estate landscape, suitable for those looking to expand a portfolio with income-producing residential inventory in a well-established coastal community.

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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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