933 Beach Avenue

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933 Beach 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 available for sale in Cape May
  • Asset features a total of 10 individual residential units
  • Located at 933 Beach Avenue in the 08204 zip code
  • Suitable investment for those targeting coastal residential rental markets
  • Established location within a resilient southern New Jersey submarket

What's Special

This multifamily apartment building at 933 Beach Avenue in Cape May, New Jersey, is currently available for sale, presenting a steady acquisition prospect for investors focused on the shore market. The property encompasses 10 units, providing a manageable scale for an owner-operator or a portfolio addition seeking income-producing assets in a popular coastal destination. Cape May serves as a resilient regional hub, supported by consistent seasonal tourism and a year-round local population that sustains rental demand. Investors looking for a foothold in this established community will find the unit count suitable for optimizing occupancy and maintaining long-term tenant stability. The asset is well-positioned for those targeting the residential rental sector within a high-barrier-to-entry market known for its historic appeal and steady economic base. Its location along the Atlantic coastline continues to draw interest from residents who prioritize proximity to regional amenities and the unique lifestyle characteristic of this southern New Jersey peninsula.

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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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