124 W 12th Avenue

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124 W 12th 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.
  • Property features a total of two individual rental units.
  • Situated at the 124 W 12th Avenue address in 08260.
  • Asset type suitable for both seasonal and long-term rental models.
  • Well-positioned within a growing coastal residential and vacation market.

What's Special

North Wildwood serves as a primary residential and vacation destination along the Jersey Shore, characterized by a steady influx of seasonal visitors and a robust coastal economy. Positioned at 124 W 12th Avenue, this multifamily apartment building provides a strategic entry point for investors looking to capitalize on the region's strong rental demand. The property comprises two individual units, offering flexibility for short-term vacation rentals or long-term workforce housing arrangements common in this beach-oriented submarket. The site remains well-positioned to leverage the area's year-round accessibility and proximity to local attractions, benefiting from the stable population trends associated with Cape May County. Prospective owners can utilize this asset as a steady income-generating vehicle, catering to the ongoing need for flexible living arrangements in a high-demand shoreline environment.

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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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