128 98th Street

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128 98th Street

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
  • Property consists of two distinct residential units
  • Asset is located at 128 98th Street in New Jersey
  • Positioned within the desirable coastal 08247 ZIP code
  • Suitable for investors seeking small-scale residential rental holdings

What's Special

This multifamily property at 128 98th Street in Stone Harbor, New Jersey, is currently available for purchase and serves as a functional addition to an investor's residential portfolio. The building consists of two units, providing a manageable configuration for those seeking an entry-level investment or a supplemental income asset in a coastal market. Stone Harbor is a well-established barrier island community known for its seasonal tourism and steady demand for rental housing during the summer months. Apartment buildings of this scale are well-suited for owners looking to maximize occupancy in a high-demand vacation destination. Its location within the 08247 ZIP code places it near regional coastal amenities and the quiet, residential atmosphere that draws long-term residents and vacationers alike. Investors focusing on the Cape May County market may find this asset aligns with strategies for small-scale residential holdings or potential long-term value appreciation within this specific island environment.

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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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