1205 New York Avenue

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1205 New York 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 is an apartment building for sale in North Wildwood
  • The building is located at 1205 New York Avenue in New Jersey
  • This multifamily property contains two individual rental units
  • The site sits in the popular coastal region of Cape May County
  • A suitable acquisition for investors interested in local residential rental housing

What's Special

This multifamily apartment building at 1205 New York Avenue in North Wildwood, New Jersey, is currently available for purchase. The property consists of two units, providing a manageable asset for investors seeking to expand their residential portfolio in a coastal market. North Wildwood remains a popular destination in the Cape May region, benefiting from consistent seasonal demand and a steady local population that supports rental housing. An asset of this scale suits private investors looking for a straightforward addition to their real estate holdings or those aiming to capitalize on the regional demand for apartment housing. The building layout allows for efficient oversight while maintaining a presence in a well-established beach community.

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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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