121 E 18 Avenue

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121 E 18 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 located in North Wildwood, New Jersey.
  • The residential property contains a total of three units.
  • Property is situated at the address 121 E 18 Avenue.
  • Coastal market with consistent demand for residential rental housing.
  • Small-scale investment asset suitable for a diverse portfolio.

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal visitors and year-round residents to its popular shorefront setting. The regional economy relies heavily on tourism and service-based commerce, supported by a dense population of homeowners and summer vacationers. This multifamily apartment building, situated at 121 E 18 Avenue, positions an investor within this established residential market. Comprising three units, the property offers a straightforward acquisition for those looking to add a small-scale income-producing asset to their portfolio. The layout and unit count allow for efficient management and versatility in tenant sourcing. Given its location in the Cape May County area, the site remains well-positioned for consistent rental demand from locals or seasonal workers. This asset represents a functional entry point into the North Wildwood housing market, providing a stable foundation for residential investment in a high-demand coastal location.

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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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