432 Congress Street

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432 Congress Street

Cape May, NJ 08204-5315
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 located in Cape May, New Jersey.
  • The property at 432 Congress Street features two residential units.
  • Cape May maintains strong housing demand due to coastal tourism.
  • Asset provides a practical opportunity for portfolio diversification in New Jersey.
  • Located within the 08204 ZIP code of a prominent shore market.

What's Special

Cape May serves as a prominent coastal destination in New Jersey, characterized by its historic appeal and consistent seasonal tourism activity. 432 Congress Street sits within this established market, providing a multifamily asset in a region where housing demand remains steady. This property comprises two residential units, positioning it as an ideal candidate for long-term rental income or potential investment diversification within the local residential sector. Its placement in the 08204 ZIP code offers proximity to the regional amenities and lifestyle benefits that define this well-regarded shore community. Investors looking to acquire residential real estate in a supply-constrained environment may find this asset suitable for various portfolio strategies. The structure provides a straightforward opportunity to enter or expand within a market known for its long-standing popularity and resilience in the southern New Jersey coastal landscape.

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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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