126 E 3rd Avenue

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126 E 3rd 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 asset located at 126 E 3rd Avenue
  • Building comprises two residential apartment units
  • Situated in the coastal city of North Wildwood
  • Asset located within the 08260 zip code
  • Property is currently offered for sale

What's Special

This two-unit multifamily property sits at 126 E 3rd Avenue in North Wildwood, New Jersey. The apartment building offers a compact investment profile suitable for investors looking to expand their residential holdings in this coastal municipality. North Wildwood functions as a popular destination within the Jersey Shore region, characterized by seasonal tourism and a steady year-round population. Its proximity to the Atlantic coast makes it a viable location for short-term rental strategies or traditional long-term residential leasing. Investors seeking to capitalize on the local demand for housing in this established community will find the scale of this asset manageable for operations. The structure provides an entry point into a market defined by its recreational appeal and accessibility to regional transportation corridors. Whether managed as a rental income stream or a personal seaside holding, this building aligns with diverse investment goals in the Cape May County area.

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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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