103 W 26th Avenue

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103 W 26th Avenue

North Wildwood, NJ 08260
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 North Wildwood New Jersey
  • The property consists of two distinct residential units
  • Positioned near regional shore attractions and vacation hotspots
  • Suitable for long-term rentals or seasonal income strategies
  • Well-connected location within the Cape May County real estate market

What's Special

Investors seeking to bolster their multifamily portfolio will find this two-unit apartment building at 103 W 26th Avenue a practical acquisition. Located in the coastal community of North Wildwood, New Jersey, this property functions as a steady asset for those targeting the seasonal rental market or long-term residential housing in the Cape May County area. The shore region remains a reliable destination for vacationers and year-round residents alike, supported by the proximity to local beaches and regional transit routes. Owners can leverage this building for income generation through multi-tenant leasing strategies. Its structure allows for straightforward management while maintaining presence in a well-established submarket known for its active tourism economy and residential density. This asset provides a functional foundation for those looking to manage residential units in a popular New Jersey seaside borough.

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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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