116 Fishing Creek Road

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116 Fishing Creek Road

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).

  • Multifamily apartment building available for immediate sale in North Cape May.
  • The property structure comprises two distinct residential rental units.
  • Located at 116 Fishing Creek Road in the 08204 zip code.
  • Situated within the established residential landscape of Cape May County.
  • Asset profile suits individual investors or smaller residential property portfolios.

What's Special

This multifamily property at 116 Fishing Creek Road in North Cape May, New Jersey, is available for sale, presenting a potential addition for investors focused on small-scale residential holdings. The building consists of 2 units, making it a manageable asset for those seeking to build or diversify a regional portfolio. Its position within the North Cape May market places it in a coastal community known for seasonal tourism and year-round residential demand. The site functions well as a long-term rental investment or an owner-occupant scenario where one unit serves as a residence while the other generates rental income. Investors typically find value in properties of this scale due to their simplicity and direct operational oversight. The surrounding region benefits from proximity to the Delaware Bay waterfront and connectivity to major regional thoroughfares, supporting stable demand for housing in this part of Cape May County.

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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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