8 E Tampa Avenue

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8 E Tampa 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).

  • The asset is a 2 unit multifamily apartment building.
  • Property is located at 8 E Tampa Avenue in Villas.
  • Asset is currently available for purchase in New Jersey.
  • The building is situated within the Cape May County region.
  • The unit count offers potential for consistent residential rental income.

What's Special

This multifamily apartment building contains 2 units and is situated at 8 E Tampa Avenue in Villas, New Jersey. The property provides a residential investment option within the Cape May County area, a region known for its proximity to coastal tourism and year-round communities. The asset is positioned to serve local housing needs, offering functional space for long-term tenants or seasonal residents. Investors often seek properties of this size for their manageable scale and potential for consistent rental income. Its location in Villas allows for access to regional transportation routes and established community infrastructure. Given the structure of the units, this building is suitable for an owner-operator or an investor looking to bolster a residential portfolio in a growing South Jersey 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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