270 82nd Street

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270 82nd 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 sale in Stone Harbor
  • Property features a total of nine individual residential units
  • Asset is situated at 270 82nd Street in New Jersey
  • Well-positioned investment property located within Cape May County
  • Offers potential for steady rental income in a coastal market

What's Special

This multifamily asset for sale at 270 82nd Street in Stone Harbor, New Jersey, presents a clear acquisition target for residential investors seeking to expand their portfolio in a coastal market. The property consists of 9 units and operates as an apartment building, providing a stable footprint within a community known for its seasonal and year-round appeal. Investors can leverage the existing density to generate consistent rental income in this desirable Cape May County location, which benefits from its proximity to beach access and local commercial corridors. The configuration is well-suited for a buy-and-hold strategy, catering to both long-term residents and the seasonal workforce or vacation market typical of the Jersey Shore. Prospective buyers looking for a multi-unit investment will find this building positioned to capitalize on the region's enduring residential demand. Its scale allows for manageable property operations while maintaining a significant presence in the local housing landscape.

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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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