110 E 23rd Avenue

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110 E 23rd 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 in North Wildwood New Jersey
  • Property consists of three individual residential rental units
  • Positioned in a coastal submarket with seasonal rental demand
  • Suitable asset for residential income generation or investment
  • Located at 110 E 23rd Avenue in the 08260 zip code

What's Special

This multifamily apartment building contains 3 units and is situated at 110 E 23rd Avenue in North Wildwood, New Jersey. The property provides a residential investment option in a coastal community that experiences significant seasonal activity and consistent demand for rental housing. Investors can capitalize on the location's proximity to regional shore amenities and the local visitor economy, which supports both long-term and short-term leasing strategies. The building structure provides a manageable scale for portfolio diversification within the Southern New Jersey real estate market. Its positioning within the city offers convenient access to local infrastructure and the established residential character of the area. This asset represents a functional addition for operators looking to acquire multi-unit residential property in a high-demand vacation market, suitable for rental income generation or potential redevelopment in accordance with local municipal guidelines.

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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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