933 Sewell Avenue

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933 Sewell 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).

  • The multifamily asset consists of two individual rental units.
  • Property is located at 933 Sewell Avenue in Cape May.
  • The building sits within the 08204 ZIP code area.
  • Asset operates as a residential multifamily apartment building.
  • Cape May remains a prominent destination in Southern New Jersey.

What's Special

933 Sewell Avenue in Cape May, New Jersey, presents an investment in a two-unit multifamily apartment building. Situated in a region known for its historical character and consistent seasonal tourism, this asset type serves as a versatile holding for investors looking to expand their residential portfolio within the coastal Cape May market. The property provides a manageable footprint for landlords focused on residential management or long-term rental income strategies. The submarket benefits from its proximity to established shore communities and regional transit routes connecting the peninsula to the mainland. With its location in the 08204 ZIP code, the building is positioned to capture demand from individuals seeking housing in a well-regarded community. Prospective owners may utilize the two units for traditional long-term rentals or explore seasonal occupancy models depending on local municipal regulations and market demand. This multifamily asset offers a straightforward addition to a regional real estate collection.

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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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