1507-1509 Yacht Avenue

Share this listing

Pre-formatted captions, a short link, and a QR code β€” ready to paste.

Share image
Sized for LinkedIn Β· 1200Γ—627 β€” matches the caption above.
Rendering preview…

1507-1509 Yacht 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 asset located in Cape May, New Jersey.
  • The property consists of ten individual residential units.
  • Positioned near regional coastal hubs and local infrastructure.
  • Well-suited for investors focused on multi-unit apartment portfolios.
  • Located within an established residential and tourism market.

What's Special

Cape May serves as a prominent coastal destination in New Jersey, attracting seasonal visitors and a steady local population that supports a robust residential rental market. Situated at 1507-1509 Yacht Avenue, this multifamily asset benefits from its position within a well-established community known for its historic charm and active tourism economy. The property functions as an apartment building, providing a consistent housing option for residents in the immediate region. Investors interested in residential portfolios may find this 10-unit complex suitable for long-term rental income strategies given the sustained demand for housing in this submarket. The structure offers a clear layout designed for multi-family occupancy, making it a functional addition to an existing investment collection or an entry point into the local market. Proximity to regional thoroughfares ensures accessibility for tenants while maintaining the character associated with this Atlantic coastal city. Prospective buyers can leverage the existing density to manage operations effectively in an environment that prioritizes residential stability.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates β€” verify with your lender and accountant.

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

Location & Travel Times