918 Stockton Avenue

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918 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
  • Asset features a total of three residential units
  • Property situated on Stockton Avenue within the 08204 ZIP code
  • Coastal market with consistent demand for local rental housing
  • Suitable for investors managing small-scale residential income properties

What's Special

This three-unit multifamily apartment building at 918 Stockton Avenue offers a residential investment opportunity in the coastal city of Cape May, New Jersey. The property provides a manageable scale for investors looking to expand their portfolio in a region known for its strong seasonal tourism economy and consistent year-round rental demand. As a destination that attracts both vacationers and permanent residents, Cape May maintains a unique appeal for property owners targeting various lease structures. The configuration of this asset allows for potential repositioning or straightforward management within the local rental market. Its position within the 08204 ZIP code places it near regional amenities and the characteristic infrastructure of this historic seaside community, supporting stable interest from tenants seeking residential space in this desirable area.

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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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