1702 Surf Avenue

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1702 Surf 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).

  • Four-unit multifamily apartment building available for purchase
  • Located at 1702 Surf Avenue in North Wildwood
  • Strategically positioned within the Cape May County region
  • Ideal asset for residential rental portfolio expansion
  • Property sits in a prominent coastal market area

What's Special

This multifamily apartment building contains four units and is located at 1702 Surf Avenue in North Wildwood, New Jersey. Situated in a coastal market, the property benefits from the seasonal activity and long-term residential appeal inherent to the Cape May County region. The asset type is well-suited for investors seeking to maintain a residential rental portfolio in a recognizable shore community. North Wildwood serves as a key destination within the local tourism and summer housing landscape, providing a consistent demand for well-located living spaces. With its proximity to the Atlantic coastline, this asset represents a functional addition to an investment strategy focused on stable, multi-tenant properties. Owners can leverage the local regional economy and the sustained interest in coastal living to manage the occupancy of these four units effectively.

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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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