109 New York Ave

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109 New York Ave

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.
  • Property features a total of two individual rental units.
  • Asset is situated at the address 109 New York Ave.
  • Located within the desirable Cape May County coastal region.
  • Suitable for year-round or seasonal residential rental strategies.

What's Special

This multifamily apartment building sits at 109 New York Ave in North Wildwood, NJ. The property consists of two units, making it a manageable addition for investors looking to expand their residential holdings in this popular coastal destination. North Wildwood functions as a prominent seasonal community within the Cape May County area, drawing consistent interest from both long-term residents and vacationers. Its proximity to the Atlantic coastline provides a steady foundation for rental demand throughout the year. Ownership of a small-scale apartment asset in this region allows for flexible management strategies. Investors can explore options for year-round leases or target the seasonal tourism market to capture rental income. The location provides convenient access to local infrastructure and regional transportation routes, ensuring connectivity for tenants. This asset presents a practical acquisition for those focusing on small-block multifamily properties within the Jersey Shore real estate market.

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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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