117 W 5th Avenue

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117 W 5th 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 sale in North Wildwood
  • The property consists of two distinct residential rental units
  • Located at 117 W 5th Avenue in a coastal market
  • Asset type suitable for investors targeting small residential properties
  • Positioned within the established Cape May County real estate region

What's Special

Investors seeking multifamily assets in coastal New Jersey may find this two-unit apartment building at 117 W 5th Avenue in North Wildwood a compelling addition to a portfolio. The property resides in a well-known shore community that draws seasonal residents and vacationers, providing a consistent demand for rental housing throughout the region. North Wildwood maintains a steady appeal due to its proximity to the Atlantic coast and regional tourism hubs, making this a practical acquisition for those focusing on small-scale residential holdings. This asset type suits buyers interested in property management within a beach-oriented market. Given the layout and unit count, the building offers functionality for long-term residential leasing or potentially flexible seasonal arrangements. Its location positions it within the broader Cape May County market, where coastal real estate remains a focal point for investment activity. Prospective owners should conduct due diligence regarding current local ordinances and rental regulations to maximize the potential of this two-unit dwelling.

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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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