308 84th Street

Share this listing

Pre-formatted captions, a short link, and a QR code β€” ready to paste.

Share image
Sized for LinkedIn Β· 1200Γ—627 β€” matches the caption above.
Rendering preview…

308 84th 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 at 308 84th Street
  • Asset contains two individual residential housing units
  • Located in the coastal borough of Stone Harbor New Jersey
  • Property situated on Seven Mile Island in Cape May County
  • Well suited for seasonal rental income or long-term leasing

What's Special

Stone Harbor is a coastal community on the Seven Mile Island, known for its residential appeal and seasonal tourism activity along the Jersey Shore. This multifamily apartment building, situated at 308 84th Street, provides an entry point into this established market. The property consists of two distinct residential units, offering flexibility for an investor looking to manage a small-scale holding in a desirable beach town. Given the layout of the structure and the regional demand for housing, this asset is well-suited for seasonal rental operations, long-term leasing, or potential conversion scenarios. Investors active in Cape May County will find this location provides access to local amenities and the coastal lifestyle that drives regional demand. The two-unit configuration is particularly efficient for those seeking a manageable residential income stream in a supply-constrained environment.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates β€” verify with your lender and accountant.

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

Location & Travel Times