21 Gurney Street

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21 Gurney 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).

  • Multifamily apartment building available for purchase in Cape May
  • The property at 21 Gurney Street features two units
  • Located in the historic residential district of Cape May
  • Suitable asset for private investors or residential portfolio expansion
  • Cape May market benefits from consistent tourism and local demand

What's Special

This multifamily apartment building at 21 Gurney Street in Cape May, New Jersey, presents a clear acquisition target for investors focused on small-scale residential holdings. Comprising two individual units, the property fits well within the coastal real estate landscape of this historic destination. Cape May is widely recognized for its Victorian architecture and consistent seasonal tourism, which supports a stable demand for rental housing across the region. The asset provides a practical structure for those looking to manage a manageable residential footprint in an established market environment. Its configuration allows for streamlined oversight, making it a suitable addition for private investors or small rental property portfolios seeking exposure to the shore market. Given the nature of the local economy and the property size, the building serves as a reliable option for those evaluating residential income streams within a popular vacation and year-round community in the Northeast corridor.

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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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