67 Spruce Avenue

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67 Spruce 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 contains a total of three residential units.
  • Positioned within the established Cape May County real estate market.
  • Well-suited for investors pursuing small-scale income-producing residential assets.
  • Accessible location near regional coastal amenities and community transit hubs.

What's Special

This multifamily apartment building at 67 Spruce Avenue in Villas, NJ, features three residential units. Situated within the Cape May County region, the property benefits from proximity to coastal residential markets and local transit corridors. The area serves as a growing suburban market, characterized by consistent demand for rental housing options among local residents and seasonal workforce populations. The layout and scale of this asset make it suitable for an investor seeking to manage a small-scale income-producing portfolio. Its location in Villas offers residents access to regional amenities and nearby beaches while maintaining a quiet residential atmosphere. Potential uses include long-term leasing for local professionals or secondary housing options within this established community.

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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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