111 W 16th Avenue

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111 W 16th 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).

  • Located at 111 W 16th Avenue in North Wildwood New Jersey
  • This multifamily apartment building currently includes five individual units
  • The property is situated within a established coastal New Jersey market
  • Asset profile is designed for residential rental income generation
  • Positioned in the 08260 zip code with access to local amenities

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal tourism and maintaining a steady year-round residential base. This multi-family apartment building, situated at 111 W 16th Avenue, benefits from the region's strong focus on leisure and local accessibility. Proximity to regional infrastructure makes this area appealing for residents seeking the character of a beach community combined with reliable transit links to larger metro hubs. The property presents a potential investment for those seeking a stabilized residential holding in an established shore market. Given the asset type and building size, the site is well-suited for professional management or as part of a residential income portfolio. Its configuration offers flexibility for long-term rentals or seasonal leasing strategies common within the 08260 zip code. Investors focused on coastal multifamily assets will find this an addition to evaluate against current market demand in the local submarket.

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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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