244 103rd Street

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244 103rd 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 located in Stone Harbor, New Jersey.
  • The property features a total of two individual units.
  • Stone Harbor is a well-known community in the coastal region.
  • The site at 244 103rd Street sits within the 08247 zip code.
  • This asset is currently available for purchase on the market.

What's Special

This two-unit multifamily apartment building is situated at 244 103rd Street in Stone Harbor, New Jersey. The property provides a residential investment option in a coastal market recognized for its seasonal tourism and steady regional appeal. Its physical configuration supports a traditional rental arrangement, making it suitable for investors targeting multi-family holdings in established beachfront communities. Stone Harbor maintains a distinct character within the southern New Jersey shore region, supported by a local economy driven by hospitality, vacation rentals, and long-term residential interest. The property occupies a functional footprint within this borough, offering access to the primary thoroughfares that connect the Seven Mile Island to the broader mainland. Potential uses for this asset include holding as a rental investment or evaluating the property for long-term equity growth within the competitive Jersey Shore real estate sector.

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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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