1811 Atlantic Avenue

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1811 Atlantic 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
  • Total building footprint consists of three individual residential units
  • Asset is situated at the address 1811 Atlantic Avenue
  • North Wildwood remains a consistent destination for regional seasonal tourism
  • Property sits within an established coastal neighborhood in Cape May County

What's Special

This multifamily apartment building contains 3 units at 1811 Atlantic Avenue in North Wildwood, New Jersey. The property sits within a popular coastal community known for its tourism-driven economy and seasonal rental demand along the Jersey Shore. Residents enjoy proximity to local beaches and the recreational amenities that define this regional submarket. Investors may find this asset suitable for residential leasing or conversion into seasonal vacation rentals given the prime location. Its structure supports stable income generation for those looking to establish a presence in a growing seaside borough. With steady demand for housing in Cape May County, this apartment building presents a clear utility for portfolio diversification or long-term hold strategies.

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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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