219 North Street

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219 North 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 multifamily asset features four individual residential units.
  • Located at 219 North Street in Cape May, New Jersey.
  • The property is currently offered for sale to investors.
  • Cape May supports a regional tourism and residential economy.
  • The building is situated in the 08204 zip code.

What's Special

This four-unit multifamily apartment building is situated at 219 North Street in Cape May, New Jersey. The property provides a residential investment acquisition in a coastal market known for its historic charm and seasonal tourism economy. As a compact multi-family asset, the site is well-positioned to serve the housing needs of local residents or to support workforce housing requirements within this Atlantic seaside community. Cape May maintains a stable real estate profile supported by its reputation as a premier destination for regional travelers and a growing residential base. Investors may consider various strategies for this asset, including long-term rental hold scenarios or potential interior updates to align with current market standards for multi-family units in southern New Jersey. The property benefits from its access to the broader Cape May peninsula infrastructure, ensuring connectivity to surrounding regional employment hubs and commercial services.

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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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