1083 Seashore Road

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1083 Seashore Road

Cold Spring, 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 residential apartment building available for purchase
  • Located in the coastal community of Cold Spring, New Jersey
  • Multifamily asset designed for stable rental property operations
  • Positioned within Cape May County near the Atlantic coastline
  • Opportunity for investors to acquire multi-unit residential housing

What's Special

Cold Spring is situated in a quiet corner of Cape May County, New Jersey, providing a coastal environment that appeals to residents looking for proximity to the Atlantic shore. This multifamily apartment building serves as a residential fixture in the local submarket, offering a manageable scale for investors interested in multi-unit assets. The property contains four distinct units, presenting a versatile configuration for various rental strategies. Given the regional demand for housing near the coast and the stable nature of residential investments in this part of New Jersey, this asset acts as a straightforward addition to a rental portfolio. The apartment building provides a clear opportunity for operators to maintain and manage housing stock within a desirable suburban community. Its proximity to major regional arteries facilitates access to nearby employment hubs and popular tourist destinations, ensuring consistent tenant interest in this coastal location.

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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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