9903 2nd Avenue

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9903 2nd Avenue

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 9903 2nd Avenue in Stone Harbor, New Jersey.
  • The property operates as a two-unit multifamily asset.
  • The building falls under the apartment building asset classification.
  • Strategic position within the Cape May County real estate market.
  • Asset presents potential for either investment or residential occupancy.

What's Special

This two-unit multifamily property sits at 9903 2nd Avenue in Stone Harbor, New Jersey. The apartment building offers a residential investment configuration suitable for long-term rental income or potential owner-occupant use. Stone Harbor remains a resilient coastal market in Cape May County, known for its consistent demand for seasonal and year-round housing among local residents and visitors alike. Investors looking to expand their portfolio in this specific submarket may find the property's scale manageable. The building provides a functional footprint for those targeting the multifamily sector. Given the local economic drivers tied to the tourism and residential sectors, this asset represents a straightforward opportunity to acquire a tangible residential income stream in a well-established beach community.

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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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