19 Lafayette Avenue

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19 Lafayette Avenue

Del Haven, NJ 08251
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 at 19 Lafayette Avenue.
  • The residential property consists of two individual units.
  • Situated in the growing coastal market of Del Haven.
  • Asset provides potential for long-term residential rental income.
  • Strategically positioned within the Cape May County region.

What's Special

Investors seeking to expand their residential holdings will find a functional asset in this multifamily apartment building located at 19 Lafayette Avenue in Del Haven, New Jersey. The property comprises two distinct units, providing a straightforward addition to a rental portfolio or a manageable entry point for new market participants. Situated within the coastal landscape of Cape May County, the site benefits from the regional appeal of the Delaware Bay area. The local economy relies on tourism and seasonal activities, contributing to steady demand for rental housing throughout the year. Given the layout and unit count, this building is well-suited for long-term residential leasing or conversion strategies depending on individual investment goals. Its position in the 08251 zip code places tenants near local amenities and primary transportation corridors that serve the broader Southern New Jersey region.

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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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