1269 LAFFAYETTE Street

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1269 LAFFAYETTE 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).

  • The asset is a multifamily property located in Cape May.
  • This apartment building contains a total of 3 residential units.
  • The property is currently listed for sale in New Jersey.
  • Cape May features a robust market driven by seasonal tourism.
  • The building is positioned within the 08204 postal code area.

What's Special

This multifamily apartment building at 1269 Laffayette Street consists of 3 units within the coastal community of Cape May, New Jersey. The property provides a residential investment option in a region characterized by its seasonal tourism and historic character. Given the configuration of the site, the asset is suited for an investor seeking a multi-unit holding in an established shore market. Cape May remains a popular destination in the southern New Jersey area, supporting consistent demand for varied housing types. With its location in the 08204 zip code, the building sits within reach of local transit corridors and regional amenities that define this coastal submarket. This asset offers a tangible addition to a professional real estate portfolio focused on income-producing residential properties.

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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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