322 Breakwater Road

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322 Breakwater 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 located in North Cape May
  • Two individual rental units contained within the structure
  • Asset positioned for residential investment or leasing activity
  • Located in a steady suburban New Jersey submarket
  • Strategically situated for coastal area housing demand

What's Special

Investors seeking to expand their residential holdings will find this two-unit multifamily property at 322 Breakwater Road a practical addition to a portfolio. Located in North Cape May, New Jersey, the apartment building provides a clear opportunity for rental income generation in a quiet coastal setting. The modest size of this asset makes it manageable for individual investors or small partnerships looking to establish a foothold in the Cape May area, which remains a consistent draw for seasonal and long-term residents. Given its layout, the property serves as a stable vehicle for residential leasing, benefiting from the region's steady demand for workforce and vacation housing. The structure sits within easy reach of local transportation routes, ensuring accessibility for future tenants. Whether utilized for buy-and-hold strategies or as a component of a larger residential redevelopment plan, this building offers fundamental utility in a suburban submarket characterized by its proximity to the Atlantic coast and regional tourism hubs.

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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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