118 W 17th Avenue

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118 W 17th 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 asset located in North Wildwood, New Jersey
  • Residential building configured with two total units
  • Prime location within the established 08260 zip code
  • Property suitable for long-term or seasonal rental strategies
  • Coastal market with consistent demand for residential housing

What's Special

This multifamily apartment building at 118 W 17th Avenue serves as a functional investment opportunity for those seeking residential income assets in North Wildwood. Comprising two distinct units, the property is situated in a well-known coastal community along the New Jersey shore, a region characterized by its seasonal tourism economy and stable year-round local population. Investors can leverage the two-unit configuration for either rental income strategies or as a potential owner-occupier arrangement within this quiet, established residential neighborhood. North Wildwood provides residents with proximity to Atlantic coastal attractions and major regional access routes, making it a desirable location for long-term tenants or vacationers alike. Given the multi-unit structure, the property allows for efficient management and reliable density in a market that maintains steady demand for apartment-style housing. This asset represents a straightforward addition to a rental portfolio or a manageable entry point for new investors looking to establish a footprint in Cape May County.

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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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