718 Columbia Avenue

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718 Columbia 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).

  • Four-unit multifamily apartment building located in Cape May
  • Residential asset situated at 718 Columbia Avenue in New Jersey
  • Property offers consistent income potential for long-term investors
  • Located within an established coastal residential housing submarket
  • Suitable for owners seeking residential rental income streams

What's Special

This 4-unit multifamily apartment building at 718 Columbia Avenue provides a residential investment opportunity in the heart of Cape May, New Jersey. The property occupies a strategic position within a market known for its coastal economic activity and consistent demand for rental housing. Investors can capitalize on the structure’s configuration to support multi-family leasing operations in a desirable shore location. The asset type allows for stable residential occupancy, making it suitable for those looking to expand their portfolio within the Cape May submarket. Proximity to local transit routes and the city’s historic district enhances the long-term potential for this multifamily dwelling. Tenants in this region benefit from a lifestyle defined by coastal amenities and a growing local economy that supports steady housing demand throughout the year. The building represents a functional addition to an investment strategy focused on residential income generation in a well-established seaside 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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