27.5 Second 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…

27.5 Second 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 apartment building available for sale in Cape May
  • The property features two individual residential rental units
  • Located at 27.5 Second Avenue in the 08204 zip code
  • Situated within the coastal New Jersey residential real estate market

What's Special

Investors seeking a residential holding in the coastal market of Cape May will find this two-unit multifamily apartment building a functional addition to a local portfolio. The property, situated at 27.5 Second Avenue, serves as a standard multi-family asset suited for long-term rental income or potential conversion strategies within this historic tourism-driven region. Cape May remains a high-demand destination on the southern tip of New Jersey, characterized by its steady seasonal population and strong interest in coastal residential housing. Acquisitions in this submarket often provide stable occupancy potential due to the consistent regional demand for both year-round and seasonal living options. This building represents a manageable scale for portfolio diversification while leveraging the established appeal of this oceanfront community. Proximity to local transit routes and the walkable nature of the city center support the continued viability of residential assets in this location, making this a practical choice for those focused on small-scale multifamily investments.

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