106 E 19th Avenue

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106 E 19th 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 at 106 E 19th Avenue.
  • Property features a total of two individual residential units.
  • Situated in the coastal market of North Wildwood, New Jersey.
  • Suitable for an investor focused on the local rental market.
  • Positioned within a popular Cape May County residential destination.

What's Special

This multifamily apartment building contains two units and is situated in North Wildwood, New Jersey. The property provides a residential investment option within a coastal submarket known for its seasonal activity and proximity to the Atlantic shoreline. North Wildwood functions as a growing community in the Cape May County region, attracting both permanent residents and summer visitors looking for accessible housing options along the Jersey Shore. Given its configuration and location at 106 E 19th Avenue, the asset suits investors seeking a manageable rental property in an established beach town environment. The unit layout allows for flexible rental strategies, whether targeting long-term tenants or seasonal vacationers common to this regional coastal economy.

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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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