100 E 11th Street

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100 E 11th Street

Ocean City, NJ 08226
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 100 E 11th Street.
  • Property consists of two distinct residential rental units.
  • Located within the coastal market of Ocean City, New Jersey.
  • Residential asset suitable for long-term rental income strategies.
  • Accessible location near regional amenities in the local municipality.

What's Special

This multifamily apartment building at 100 E 11th Street in Ocean City consists of 2 units. Situated in a well-established coastal community in New Jersey, the property serves as a stable residential investment in a region known for its high demand for seasonal and year-round housing. The layout of this asset provides functional living space for tenants while offering an opportunity for investors to acquire a manageable residential holding in the local submarket. With its central placement in Ocean City, this building benefits from proximity to the regional amenities and local infrastructure that support the area's population. Investors looking to expand their portfolio in this beach-oriented municipality will find this an accessible entry into the local housing market, suitable for rental operations or long-term asset appreciation. The structure offers practical utility for those targeting small-scale residential holdings within this coastal New Jersey corridor.

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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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