33-35-37 W Boardwalk

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33-35-37 W Boardwalk

Grassy Sound, NJ 08260
Asking Price
$900K
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 33-35-37 W Boardwalk.
  • The property is situated within the Grassy Sound, New Jersey market.
  • Asset features a two-unit residential configuration for investment.
  • The total asking price for the property is $899,971.
  • The site coordinates are located at 39.0300, -74.8125.

What's Special

Grassy Sound, New Jersey, provides a coastal environment within the broader Cape May County region. This multifamily apartment building is positioned along W Boardwalk, offering accessibility to local maritime amenities and the regional shore economy. The property consists of two distinct residential units, representing a stabilized asset for investors looking to expand their regional footprint. Its functional layout makes it a viable candidate for rental income generation or long-term repositioning strategies in a consistent vacation and seasonal rental market. The structure is well-situated for individuals seeking proximity to the water while maintaining connection to established transit routes serving the peninsula. Prospective buyers will find this an efficient acquisition given the current configuration and its placement in a quiet, established coastal neighborhood. The simplicity of a two-unit asset minimizes management complexities, allowing for streamlined operations. The property is currently listed at an asking price of $899,971, reflecting its specific utility as a residential income vehicle.

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NOI
$80,000
Cap Rate
8.89%
DSCR
1.50
Strong
Cash-on-Cash
9.84%
Monthly Payment
$4,452.565
Annual Cash Flow
$26,569.214

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