478-480 West Perry Street

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…

478-480 West Perry 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 located in Cape May, New Jersey.
  • The property consists of two distinct residential units.
  • Situated at the address of 478-480 West Perry Street.
  • Located in a coastal market with consistent housing demand.
  • Asset type suitable for small-scale portfolio expansion.

What's Special

This two-unit apartment building at 478-480 West Perry Street represents a focused multifamily asset in the heart of Cape May, New Jersey. The property provides a straightforward investment opportunity within a region known for its distinct Victorian architecture and persistent demand for coastal residential housing. Given the configuration, the site is well-suited for a small-scale investor seeking to manage a compact rental portfolio in a historical beach community. Cape May continues to serve as a stable destination for both seasonal and year-round residents, supported by a local economy that benefits from tourism and regional commerce. Investors evaluating this asset will appreciate the location's access to local amenities and the broader character of the Jersey Shore. This multifamily building offers a practical acquisition for those looking to expand their footprint in a constrained real estate market where limited inventory typically drives long-term value.

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