1307 Central Avenue

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1307 Central 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 available for purchase in North Wildwood
  • Asset features a total of three individual rental units
  • Located at 1307 Central Avenue within the 08260 zip code
  • Property sits in a coastal market with steady seasonal housing demand
  • Efficient asset size suitable for residential investment portfolios

What's Special

Investors seeking an income-generating asset should consider this multifamily apartment building available for sale at 1307 Central Avenue in North Wildwood, New Jersey. The property comprises three distinct units, providing a manageable scale for those looking to expand or begin a residential rental portfolio. The building sits in the coastal environment of North Wildwood, a region known for its seasonal tourism and steady demand for local housing. Its layout and unit count make it well-suited for a buy-and-hold strategy aimed at both year-round tenants and seasonal visitors who frequent the Jersey Shore. The asset's location provides convenient access to local amenities and the broader Cape May County market, ensuring long-term viability for residential occupancy. This transaction represents a straightforward entry point for private investors interested in the North Wildwood market, balancing residential demand with a simplified unit structure.

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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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