220 Frances Avenue

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220 Frances 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 220 Frances Avenue in Villas
  • Asset contains a total of four residential rental units
  • Situated within a coastal residential submarket in Cape May County
  • Property offers potential for long-term or seasonal rental strategies
  • Site provides manageable scale for a residential investment portfolio

What's Special

Villas serves as an accessible residential community within Cape May County, situated near the Delaware Bay coastline. This region provides a quiet environment for those seeking coastal living while maintaining proximity to major regional transit routes. The local economy benefits from seasonal tourism and a stable year-round population base drawn to the southern New Jersey shoreline. This multifamily property at 220 Frances Avenue contributes to the local housing stock with a total of 4 units. As an apartment building, the asset is positioned to accommodate long-term residential tenants or potentially serve as a seasonal rental investment given the geographic location. Investors looking for a small-scale residential holding in this growing suburban market will find the site provides functional space for stable occupancy. The property layout and unit count allow for manageable oversight and operational efficiency, making it a viable addition to a residential real estate portfolio within the Villas submarket.

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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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