620 1/2 Hughes Street

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620 1/2 Hughes 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).

  • Two-unit multifamily apartment building located in Cape May, New Jersey
  • Prime coastal property situated at the 620 1/2 Hughes Street address
  • Asset provides flexible potential for residential or seasonal rental use cases
  • Strategically positioned within an established and popular regional tourism market
  • Property represents a functional multifamily investment opportunity in Cape May

What's Special

This two-unit multifamily apartment building sits at 620 1/2 Hughes Street in the historic coastal city of Cape May, New Jersey. The property provides a straightforward investment option within a highly desirable seaside market known for its Victorian architecture and consistent seasonal demand. Investors may consider this asset for long-term residential leasing or as a potential configuration for vacation-style rentals given the high tourist traffic common to this region of the Jersey Shore. Cape May remains a prominent destination in the Atlantic County area, supported by a resilient local economy and stable population base. Its proximity to regional transit routes and local amenities makes this multifamily building a functional addition to a diversified investment portfolio. Prospective buyers have the flexibility to utilize these two units to generate consistent rental income while capitalizing on the enduring appeal of this established resort community.

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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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