1269 Lafayette Street

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1269 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).

  • Three-unit multifamily asset located in Cape May, New Jersey.
  • Property situated at the address of 1269 Lafayette Street.
  • Residential building suitable for long-term income generation strategies.
  • Cape May market provides steady demand for apartment rentals.
  • Strategic location within an established coastal residential neighborhood.

What's Special

Investors seeking a stabilized multifamily asset in Cape May will find this apartment building a compelling addition to their portfolio. Comprised of three units, the property provides a residential income stream in a coastal market known for consistent seasonal and year-round demand. Situated at 1269 Lafayette Street, the site benefits from the established infrastructure and tourism-driven economy of this historic New Jersey shoreline destination. Its configuration makes it a practical choice for long-term hold strategies or repositioning efforts within the local housing market. Cape May continues to attract a steady flow of residents and visitors, supporting a resilient environment for apartment ownership. The location offers proximity to regional transit arteries, connecting the area to larger employment hubs across the southern New Jersey peninsula. This asset represents a straightforward acquisition for those looking to expand their footprint in a supply-constrained residential sector.

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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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