626 Hughes Street

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626 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).

  • Multifamily apartment building located in Cape May, New Jersey
  • Asset features a total of two individual residential units
  • Positioned in a historic coastal market with tourism demand
  • Suitable for long-term rental or seasonal housing strategies
  • Located at 626 Hughes Street within the 08204 zip code

What's Special

Cape May serves as a prominent coastal destination in New Jersey, attracting seasonal visitors and a steady year-round population. This multifamily property at 626 Hughes Street occupies a central position within this historic seaside community, known for its preservation of Victorian architecture and established tourism-based economy. The local real estate landscape frequently supports diverse residential and investment models given the region's appeal to both permanent residents and vacationers. This apartment building consists of two units. The configuration of the asset provides functional options for investors looking to hold residential inventory in a high-demand coastal market. Prospective owners may consider utilizing the units for long-term rentals to support the local workforce or exploring seasonal occupancy strategies consistent with the regional market patterns of Cape May. The location offers accessibility to the surrounding municipal amenities and transit corridors that define the Southern New Jersey shore.

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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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