104 W 17th Avenue

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104 W 17th 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
  • Total building inventory consists of three distinct rental units
  • Property situated at the address of 104 W 17th Avenue
  • Asset operates within the seasonal and permanent coastal housing market
  • Suitable for investors targeting small-scale residential rental property assets

What's Special

This multifamily apartment building at 104 W 17th Avenue consists of 3 units in the coastal city of North Wildwood, New Jersey. North Wildwood serves as a popular destination within the Cape May County region, characterized by seasonal tourism and a steady year-round population. This asset provides a residential investment option in a well-established submarket that benefits from proximity to Atlantic coast beaches and local municipal infrastructure. The configuration of 3 units makes this property suitable for an investor seeking to manage a compact residential portfolio or for a buyer looking to secure a foothold in a shore community. Potential uses for this property include long-term leasing to permanent residents or exploring seasonal rental models common throughout the coastal region. The building offers immediate access to the surrounding residential and commercial corridors, positioning it to capture consistent demand for housing in this specific New Jersey market segment.

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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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