123 W 11th Street

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123 W 11th Street

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).

  • Three-unit multifamily apartment building available for purchase
  • Located at 123 W 11th Street in North Wildwood
  • Suitable asset for investors targeting coastal residential real estate
  • Situated within the popular Cape May County market area
  • Provides immediate capacity for three distinct rental households

What's Special

Investors seeking to expand a rental portfolio will find this three-unit apartment building at 123 W 11th Street a practical addition in the North Wildwood market. This multifamily asset provides a residential housing option in a region that serves both seasonal residents and year-round tenants drawn to the coastal landscape of New Jersey. The property’s configuration allows for stable occupancy management and straightforward operations for those looking to maintain a presence in this suburban setting. North Wildwood continues to function as an established destination for visitors and permanent occupants alike, bolstered by its proximity to shore-based recreational activities and regional infrastructure. The scale of this building makes it an accessible entry point for private buyers or local investment groups focusing on manageable, low-density housing inventory within the Cape May County submarket.

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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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