9 57th Street

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9 57th 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).

  • Located in the coastal community of Sea Isle City, New Jersey.
  • This multifamily asset consists of two residential apartment units.
  • The property is positioned within a established shore submarket.
  • Asset supports flexible investment strategies for residential rental management.
  • Regional accessibility provided by proximity to the Garden State Parkway.

What's Special

Sea Isle City serves as a prominent coastal destination within Cape May County, characterized by its steady seasonal tourism and year-round residential appeal along the New Jersey shoreline. The surrounding market benefits from consistent regional accessibility via the Garden State Parkway, connecting the barrier island community to the broader Southern New Jersey economic landscape. This multifamily asset provides a stabilized footprint for investors looking to acquire a manageable residential holding in a competitive beach town submarket. Comprising two individual apartment units, the building fits well into a portfolio focused on coastal rental management or long-term value-add repositioning strategies. Proximity to the local retail corridors and shoreline recreational amenities supports consistent tenant demand throughout the year. The property presents a straightforward opportunity for those seeking to capitalize on the steady demand for rental housing in a well-established shore community.

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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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