275 106th Street

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275 106th 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).

  • Located at 275 106th Street in Stone Harbor, New Jersey
  • Multifamily apartment building available for purchase
  • Asset contains two distinct residential units
  • Situated within the popular Cape May County coastal region
  • Functional property layout suitable for various investment strategies

What's Special

This two-unit multifamily apartment building stands at 275 106th Street in Stone Harbor, New Jersey. Located within a coastal community, the property benefits from the seasonal appeal and steady demand characteristic of the Cape May County shoreline. Residents enjoy proximity to local beaches, waterfront dining, and recreational attractions that define the region's appeal for both long-term tenants and vacation rentals. Multi-family assets in this submarket often serve as stable income-generating investments, particularly suited for small-scale portfolio diversification or owner-occupant strategies. The property layout is optimized for high-density coastal living, providing functional residential space in a prime borough. Given the constraints of the local real estate market, such apartment buildings remain a fundamental component of the residential landscape, offering consistent utility for investors seeking a foothold in this established seaside destination.

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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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