71 Morningside Road

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

71 Morningside Road

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 in Ocean City, New Jersey.
  • The residential property contains a total of two units.
  • Situated within the established 08226 ZIP code area.
  • Well-suited for either long-term rental or seasonal housing strategies.
  • Positioned in a coastal market with consistent residential demand.

What's Special

Investors seeking to expand their residential portfolios will find a functional acquisition at 71 Morningside Road. This multifamily apartment building comprises two individual units, offering a straightforward configuration for long-term rental income or potential owner-occupancy in a coastal market. Ocean City serves as a popular destination along the New Jersey shoreline, known for its stable seasonal tourism and established year-round residential community. The submarket benefits from its proximity to regional transit corridors and the sustained demand for housing near the Atlantic coastline. Given the layout, the property is suited for a variety of residential management strategies, ranging from traditional annual leasing to seasonal rental models common within the region. Its location provides tenants access to local amenities and the distinct lifestyle benefits of a shore community. This asset represents a manageable scale for both private investors and those looking to increase their holdings within a well-regarded borough of Cape May County.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

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

Location & Travel Times