909 McCullum Ave.

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909 McCullum Ave.

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 residential building located at 909 McCullum Ave. in Cape May
  • Asset features a total of two individual rental units
  • Property is situated in the 08204 ZIP code of New Jersey
  • Asset type categorized as an apartment building for investment purposes
  • Coastal market location benefits from steady regional tourism and residential demand

What's Special

This two-unit apartment building located at 909 McCullum Ave. in Cape May, New Jersey, presents a residential investment asset within a highly desirable coastal market. Cape May remains a stable regional hub, defined by its historic character, robust seasonal tourism, and steady year-round population. This multifamily property serves as a functional addition to a rental portfolio, offering potential for long-term lease structures or vacation-oriented arrangements to capitalize on the local tourism economy. The property occupies a convenient location within the 08204 ZIP code, benefiting from the accessibility and infrastructure characteristic of this South Jersey shore community. Prospective investors may consider this asset for its direct utility as a multi-family holding, suitable for individual unit leasing or owner-occupied strategies. The configuration of the building allows for flexible management, positioning it to provide consistent utility in a market where demand for residential space remains persistent due to limited land availability and consistent regional appeal.

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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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