121 Seaview Court

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121 Seaview Court

North Wildwood, NJ 08260
Asking Price
$945K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is listed for sale at $945,000.
  • This multifamily building comprises two individual residential units.
  • Situated in the coastal city of North Wildwood, New Jersey.
  • Located at 121 Seaview Court with coordinates 39.0179, -74.7950.
  • The site functions well for investors or owner-occupant residential strategies.

What's Special

Priced at $945,000, this multifamily apartment building located at 121 Seaview Court in North Wildwood, New Jersey, presents a residential investment asset within a coastal market. The property consists of two units, offering potential for investors looking to acquire a manageable holding in a popular shore destination. North Wildwood remains a consistent draw for seasonal residents and vacationers, supported by the broader economic activity of the Cape May County region. The location provides proximity to coastal amenities and established transit routes servicing the Jersey Shore, making it a functional choice for rental housing portfolios. This asset type remains a staple for those seeking to diversify their holdings within residential real estate. Given the two-unit configuration, the property is suitable for long-term rental strategies or owner-occupant scenarios where one unit could serve as a primary residence while the other generates steady income. The site provides a straightforward addition to existing residential portfolios focused on the regional beach market.

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NOI
$80,000
Cap Rate
8.47%
DSCR
1.43
Strong
Cash-on-Cash
8.43%
Monthly Payment
$4,675.344
Annual Cash Flow
$23,895.867

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