822 Stockton Avenue

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822 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).

  • Four-unit apartment building located in Cape May
  • Asset is currently available for purchase
  • Located at 822 Stockton Avenue in New Jersey
  • Suitable for residential rental investment strategy
  • Property position benefits from regional coastal demand

What's Special

Investors seeking to expand a residential portfolio in Cape May, New Jersey, will find potential in this multifamily asset. Situated at 822 Stockton Avenue, this apartment building provides a total of four units. Its placement within Cape May places it in a region characterized by its seasonal tourism economy and consistent demand for coastal rental housing. The property represents a straightforward addition for those looking to manage a small-scale multi-unit building in a stable shoreline market. Cape May serves as a prominent destination along the Jersey Shore, attracting visitors and residents who appreciate its historic character and beach-side lifestyle. Managing a four-unit residential property in this submarket allows an owner to cater to the year-round rental demographic or capitalize on the unique market dynamics of the region. The existing configuration of the building supports efficient management operations while maintaining a presence in this sought-after coastal municipality.

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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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