113 E 15th Avenue

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113 E 15th 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).

  • The asset consists of three individual residential units.
  • This multifamily building is located in North Wildwood, New Jersey.
  • The property is currently available for purchase on the market.
  • North Wildwood serves as a prominent coastal New Jersey destination.
  • The site supports various strategies for residential rental management.

What's Special

113 E 15th Avenue comprises three units within the coastal market of North Wildwood, New Jersey. This apartment building serves as a stable residential asset in a town recognized for its seasonal tourism and steady regional population. The layout provides flexible potential for investors looking to capitalize on rental demand within this established shore community. Given the current configuration of the property, the building suits an owner-occupier strategy or a long-term hold in a submarket characterized by high seasonal activity and proximity to local coastal attractions. The site benefits from its accessibility within the broader Cape May County area, positioning it as an functional addition to a multifamily portfolio. Prospective buyers should consider the utility of these three units in a location that maintains consistent interest among both vacationers and year-round residents. The property represents a straightforward acquisition for those active in the coastal residential sector, offering utility and potential for steady operations throughout the calendar year.

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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

Location & Travel Times