702 Broadway

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702 Broadway

West Cape May, NJ 08204
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 702 Broadway in West Cape May
  • Residential asset featuring a two-unit configuration for investment
  • Positioned within the established coastal community of West Cape May
  • Property suited for rental income or owner-occupant residential strategies
  • Strategic location within the broader Cape May County real estate market

What's Special

This two-unit multifamily apartment building at 702 Broadway in West Cape May, New Jersey, presents a residential investment asset within a coastal market. The property provides a straightforward configuration suitable for individual investors seeking a manageable multi-family holding in a popular shore destination. West Cape May maintains a steady regional profile, attracting seasonal visitors and year-round residents alike who value the proximity to local beaches and the broader Cape May peninsula. Given the structure of the units, the property functions well as a long-term rental investment or a potential owner-occupied arrangement with an income-generating component. Its position on Broadway places it within a characteristic neighborhood setting, supporting consistent demand for residential space in this segment of the Cape May County housing 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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