86 Route 50

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86 Route 50

Seaville, NJ 08230
Asking Price
$549K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The multifamily asset is priced at $549,000 for acquisition.
  • Located at 86 Route 50 within Seaville, New Jersey.
  • The building features two residential apartment rental units.
  • Cape May County offers consistent demand for local housing.
  • The site provides access to major regional transit routes.

What's Special

Priced at $549,000, this multifamily apartment building located at 86 Route 50 in Seaville, New Jersey, presents a clear acquisition for investors looking to expand their portfolio. The property consists of two distinct units, providing a manageable asset for those seeking residential rental income in a coastal New Jersey submarket. Seaville is situated within Cape May County, a region characterized by consistent seasonal activity and proximity to popular shore destinations that drive year-round housing demand. As a duplex, this building is well-suited for a variety of investment strategies, including long-term rental income generation or an owner-occupant arrangement. The asset benefits from its placement along a primary thoroughfare, facilitating access to surrounding townships and regional employment hubs. Investors focusing on the regional multifamily market will recognize the utility of a two-unit configuration in this demographic setting.

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NOI
$80,000
Cap Rate
14.57%
DSCR
2.45
Strong
Cash-on-Cash
28.78%
Monthly Payment
$2,716.152
Annual Cash Flow
$47,406.171

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