44 E Greenwood Avenue

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44 E Greenwood 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 in Villas, New Jersey.
  • The property consists of two individual residential units.
  • Asset is situated at 44 E Greenwood Avenue in 08251.
  • Property serves as a stable residential investment opportunity.
  • Located within the established Cape May County market area.

What's Special

This two-unit multifamily apartment building located at 44 E Greenwood Avenue in Villas, New Jersey, presents a residential investment asset. Situated in a coastal community within Cape May County, the property benefits from proximity to regional transit routes and the broader South Jersey tourism and employment corridor. The asset structure is suitable for investors seeking a stabilized residential holding or operators focused on local rental demand within the Villas submarket. The Cape May region maintains a consistent demand for housing due to its seasonal economy and permanent resident population. As a two-unit configuration, the building allows for efficient property management and streamlined oversight compared to larger multi-tenant complexes. This asset fits well into an existing portfolio looking for small-scale multifamily exposure in a steady suburban 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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