116 TOMLIN Avenue

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116 TOMLIN Avenue

Villas, NJ 08251
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 116 Tomlin Avenue
  • Asset consists of two distinct residential units
  • Property situated within the coastal town of Villas
  • Strategically positioned in the Cape May County market
  • Suitable for investors targeting small-scale residential holdings

What's Special

This two-unit multifamily apartment building is situated on Tomlin Avenue in Villas, New Jersey. The property provides a residential asset in a coastal Cape May County community known for its proximity to the Delaware Bay and steady rental demand from local workers and seasonal residents. A multi-unit configuration such as this allows investors to leverage a compact footprint while maintaining diversified income streams through multiple leases. The surrounding area supports various housing needs, making it a functional addition to a small-scale real estate portfolio. Prospective buyers may consider this site for long-term rental income or potential repositioning strategies suited to the neighborhood's residential character.

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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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