10206 Third Avenue

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10206 Third Avenue

Stone Harbor, NJ 08247
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 purchase in Stone Harbor
  • Asset features a total of three distinct residential units
  • Property is situated at 10206 Third Avenue within Cape May County
  • Strategic location supports rental demand in a seasonal coastal market
  • Ideal scale for investors managing small residential real estate holdings

What's Special

This multifamily property located at 10206 Third Avenue in Stone Harbor, New Jersey, is currently available for sale. The building consists of three units, making it a viable acquisition for investors seeking a modest residential holding in a coastal community. Stone Harbor is a well-known borough in Cape May County, characterized by its seasonal tourism economy and established residential character, which provides a consistent demand for rental housing options. Given the layout and unit count, this apartment building presents a straightforward opportunity for those focused on small-scale multifamily management or value-add strategies in a desirable shore market. Prospective buyers looking to diversify their real estate portfolio will find this asset well-positioned to serve the needs of year-round residents or seasonal visitors in the southern New Jersey region.

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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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