117 83rd Street

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117 83rd Street

Sea Isle City, NJ 08243
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 sale in Sea Isle City
  • Property consists of two distinct residential units
  • Asset is situated at the 117 83rd Street location
  • Located within the established New Jersey coastal residential market
  • Well-suited for either long-term leasing or vacation rental usage

What's Special

This multifamily apartment building at 117 83rd Street in Sea Isle City, New Jersey, is currently available for sale and provides an ideal acquisition for investors seeking to build a presence in a popular coastal community. Sea Isle City maintains a robust seasonal economy driven by its proximity to the Atlantic Ocean and local tourism, making this property well-positioned for both long-term leasing and short-term vacation rental strategies. The asset features two units, providing a manageable scale for property owners or portfolios looking to expand their footprint in Cape May County. Its location offers accessibility to the regional transit corridors that connect coastal towns throughout the Jersey Shore. This structure supports flexible use cases, accommodating year-round residents or seasonal visitors in one of the region's most enduring residential markets. Investors will find this asset fits into a broader strategy of capital growth within a stable, tourism-reliant submarket.

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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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