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).

  • Multifamily apartment building available for purchase in North Wildwood
  • Asset features a total of 2 individual residential units
  • Strategically positioned within the coastal New Jersey rental market
  • Suitable for investors targeting small-scale residential income properties
  • Property located at 108 W 20th Avenue in Cape May County

What's Special

Investors seeking an income-generating multifamily asset in North Wildwood, New Jersey, should consider this apartment building located at 108 W 20th Avenue. This property encompasses 2 units, providing an entry-level residential investment within a coastal community known for its seasonal tourism and steady regional appeal. The location benefits from its position within the Jersey Shore market, where demand for rental housing remains consistent among both long-term residents and vacationers. Its straightforward configuration allows for simplified management and potential for renovation to maximize rental income. Prospective buyers looking for a small-scale addition to an existing portfolio will find this asset suitable for traditional residential leasing strategies. The structure serves as an efficient vehicle for those targeting the Cape May County market, supported by the area's year-round population and its proximity to shore-front amenities. Whether managed as a year-round rental or explored for seasonal housing needs, this building offers a functional space within a well-established seaside municipality.

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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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