108 W 20th Avenue

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108 W 20th 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).

  • Two-unit multifamily apartment building available for sale
  • Located at 108 W 20th Avenue in North Wildwood
  • Situated within a popular coastal New Jersey market
  • Suitable for long-term or seasonal rental strategies
  • Positioned in an accessible area of Cape May County

What's Special

Investors seeking a residential holding in North Wildwood will find this two-unit apartment building at 108 W 20th Avenue well-suited for long-term rental income or potential seasonal leasing. North Wildwood remains a popular destination within the Jersey Shore region, drawing consistent interest due to its coastal character and accessibility to regional tourist hubs. This multifamily asset provides an efficient footprint for owners looking to expand their portfolio within a stable shore market. Positioned on the barrier island, the property benefits from proximity to local beaches and the recreational amenities that drive demand in this Cape May County municipality. The building serves as a straightforward addition for those managing smaller multi-unit configurations in a high-demand vacation area. Its location allows for convenient access to regional thoroughfares that connect the community to the broader Southern New Jersey economic corridor.

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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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