129 Pennsylvania Avenue

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129 Pennsylvania 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 129 Pennsylvania Avenue
  • Asset features a total of two residential units
  • Property is situated in the municipality of Villas
  • Located within the coastal New Jersey residential market
  • Suitable investment for small-scale portfolio expansion

What's Special

This multifamily apartment building at 129 Pennsylvania Avenue contains two distinct units. Situated in Villas, New Jersey, the property sits within a community that serves as a residential hub in Cape May County. The local submarket remains a stable environment for housing, benefiting from the steady demand for rental units in the coastal region. Prospective investors may consider this asset for long-term rental income or potential repositioning within a quiet, established neighborhood setting. The layout provides a manageable footprint for landlords focused on small-scale residential holdings. With its specific configuration, the property functions well as a multi-tenant investment in a growing suburban market. Tenants in this area often appreciate the proximity to regional infrastructure and the accessibility to larger employment centers throughout the state. This two-unit building represents a straightforward addition for those looking to expand their portfolio in a coastal New Jersey municipality.

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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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