425 99th Street

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425 99th 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 site consists of two individual rental units.
  • Property is situated in a prominent Cape May County location.
  • Residential asset offers potential for year-round or seasonal leasing.
  • Managed as a small-scale investment in a coastal community.

What's Special

Stone Harbor provides a coastal environment within Cape May County, drawing seasonal residents and long-term tenants to its quiet, shore-front community. This multifamily asset at 425 99th Street occupies a position within this desirable borough, reflecting the steady demand for rental housing in the region. The property contains two units, making it an efficient acquisition for investors seeking to build or expand a portfolio in a high-barrier-to-entry market. Its scale serves as a functional residential holding suitable for either seasonal rentals or year-round occupancy given the area's ongoing demographic appeal. Prospective buyers may consider the asset for its potential to provide consistent income streams in a well-established municipal submarket. Its design accommodates small-scale management, fitting for investors looking to balance occupancy stability with the specific character of a southern New Jersey beach town. The property layout offers flexibility for various residential leasing strategies.

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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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