817 Stockton Avenue

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817 Stockton 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).

  • Multifamily apartment building located in Cape May, New Jersey.
  • The property structure comprises three individual rental units.
  • Positioned within the desirable 08204 ZIP code area.
  • Well-suited for residential investment or housing portfolio expansion.
  • Located in a region with high demand for coastal properties.

What's Special

817 Stockton Avenue in Cape May, New Jersey, consists of a three-unit multifamily apartment building. Situated in a coastal town known for its historic charm and seasonal tourism economy, this property serves as a stable residential asset in the 08204 ZIP code. The location provides access to local amenities and regional beaches, making it a viable selection for investors focused on small-scale housing portfolios. Apartment buildings of this scale in the Cape May submarket are frequently utilized for year-round rental income or as seasonal housing solutions. The configuration of three distinct units offers versatility for management strategies in a market characterized by high demand for residential space. Its placement within this established borough positions the building to benefit from the consistent appeal of the region, providing a straightforward addition for those expanding their presence in the Southern New Jersey real estate 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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