100 Orchard Drive

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100 Orchard Drive

North 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).

  • Two-unit apartment building located in North Cape May
  • Multifamily asset situated at 100 Orchard Drive
  • Property represents a residential investment opportunity in New Jersey
  • Located within the growing Cape May County submarket
  • Standard residential configuration suitable for rental income

What's Special

This two-unit multifamily apartment building at 100 Orchard Drive in North Cape May, New Jersey, serves as a functional investment asset within the coastal region. Located in a growing suburban market, the property benefits from the steady demand characteristic of this area of Cape May County. The structure is well-positioned for investors looking to hold residential rental housing in a popular vacation and residential corridor. Tenants in this locale often rely on proximity to regional transit arteries and local commerce, supporting consistent occupancy potential for multi-family holdings. The layout provides straightforward management for a landlord seeking to expand a local residential portfolio. With its established configuration, this asset remains suitable for long-term lease arrangements or potential seasonal accommodation strategies, capitalizing on the surrounding demographic trends and the seasonal economy of the New Jersey shore 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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