108 E 24th Street

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108 E 24th Street

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).

  • Multi-family apartment building located in North Wildwood, New Jersey.
  • Property consists of three distinct residential rental units.
  • Situated within the popular Cape May County coastal market.
  • Residential asset suitable for seasonal or long-term leasing strategies.
  • Located at 108 E 24th Street in the 08260 zip code.

What's Special

Investors seeking to expand their portfolio in a coastal market will find this three-unit apartment building at 108 E 24th Street a functional addition. Situated in North Wildwood, New Jersey, this asset provides a compact residential footprint suitable for long-term rental income or potential seasonal leasing strategies common to the Jersey Shore. The property aligns with the demand for multi-family housing in a community characterized by its tourist-driven economy and steady seasonal population growth. North Wildwood functions as a key destination within the regional Cape May County market, supported by access to regional transit routes and local commerce. This building offers a manageable scale for an owner-operator or a small investment group looking for a straightforward residential asset in a high-demand vacation destination. The layout supports efficient tenant management while maintaining a presence in a stable, established neighborhood environment that draws consistent interest from both residents and seasonal visitors.

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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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