129 E 13th Avenue

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129 E 13th 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).

  • Located at 129 E 13th Avenue in North Wildwood
  • Multifamily apartment building containing three individual units
  • Situated within the popular Cape May County region
  • Asset type suitable for residential investment strategies
  • Positioned in an established New Jersey coastal submarket

What's Special

This 3-unit apartment building at 129 E 13th Avenue provides a residential investment opportunity in the coastal city of North Wildwood, New Jersey. The property serves the local housing market in a region characterized by its seasonal tourism and proximity to regional beaches. Investors often look to North Wildwood for its appeal to vacationers and long-term residents seeking access to the Jersey Shore. Multifamily assets in this submarket typically attract a mix of year-round tenants and summer seasonal renters. Given the layout and unit count, this property functions well as a managed rental portfolio addition for those focused on the Cape May County real estate market. The site sits within easy reach of local municipal services and the dense residential corridors that define this well-established beach community.

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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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