123 E 21st Avenue

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123 E 21st 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 property consists of two distinct residential rental units.
  • Positioned in a prominent shore community within Cape May County.
  • Suitable for residential investment, leasing, or vacation rental use.
  • Accessible location near local coastal amenities and regional infrastructure.

What's Special

This multifamily apartment building contains two units and is situated at 123 E 21st Avenue in North Wildwood, New Jersey. The property provides an investment option within this coastal municipality, which serves as a seasonal destination and residential hub in the Cape May County area. The region experiences significant population influx during summer months, supporting local demand for rental housing options near the shoreline. Investors may find this asset suitable for long-term residential leasing or as a vacation rental property given its proximity to the Atlantic coast. The building layout offers flexibility for an owner-occupant or a portfolio addition seeking stable housing stock in a shore community. North Wildwood maintains a steady year-round economic base while benefiting from regional tourism, making this a practical choice for those focused on small-scale residential holdings.

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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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