1 Whittier Avenue

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1 Whittier Avenue

Strathmere, NJ 08248
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 1 Whittier Avenue, Strathmere.
  • Property consists of two distinct residential rental units.
  • Situated in the coastal residential market of Strathmere, New Jersey.
  • Strategic asset for residential investment or owner-occupied housing.
  • Geographically positioned within the attractive Cape May County region.

What's Special

Investors seeking to expand a residential portfolio will find this two-unit apartment building at 1 Whittier Avenue in Strathmere, New Jersey, an efficient addition to any holding. As a coastal community, Strathmere offers a distinct environment that appeals to renters looking for proximity to the Atlantic shoreline, providing consistent demand for well-maintained multifamily assets within this residential corridor. The structure represents a manageable entry point for owner-occupants or those looking to secure stable rental income in a quiet seaside setting. Its configuration makes it suitable for long-term lease arrangements or seasonal housing requirements common in the Cape May County region. The location balances a peaceful atmosphere with access to the regional transit networks that support the broader South Jersey economy. This property stands as a straightforward acquisition for those focusing on localized residential real estate in a supply-constrained market.

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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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