218 79th Street

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218 79th 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).

  • Two-unit apartment building located in Sea Isle City
  • Asset is situated at 218 79th Street in New Jersey
  • Multifamily property suitable for year-round or seasonal leasing
  • Established coastal submarket within the Cape May County area
  • Available for acquisition as a residential investment asset

What's Special

Investors seeking a stabilized multifamily acquisition in a coastal market will find this two-unit apartment building at 218 79th Street in Sea Isle City a viable addition to a residential portfolio. Situated in a popular Jersey Shore destination known for its tourism-driven economy and seasonal rental demand, this asset serves as an entry point into the local housing market. The property allows for flexible management strategies, whether through year-round leasing or seasonal occupancy models typical of Cape May County coastal communities. Sea Isle City benefits from its proximity to broader regional employment centers and consistent demand for well-located living spaces near the Atlantic coastline. The structure provides functionality for owners looking to maximize utility in a dense, highly sought-after seaside environment. This asset fits well for parties interested in small-scale residential holdings within established beach towns, balancing accessibility to local amenities with the quiet atmosphere of the 79th Street neighborhood.

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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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