1907 Atlantic Avenue

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1907 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).

  • The asset is a multifamily apartment building for sale.
  • The property is comprised of two distinct residential units.
  • It is located at 1907 Atlantic Avenue in North Wildwood.
  • The building is situated within the active Cape May County.
  • The location provides access to seasonal shore region tourism.

What's Special

This multifamily apartment building contains two residential units located at 1907 Atlantic Avenue in North Wildwood, New Jersey. Situated in a coastal town known for its seasonal tourism and proximity to regional beaches, this property serves as a functional asset for investors looking to expand their residential holdings in the Cape May County market. The asset benefits from the steady demand characteristic of this vibrant shoreline community, which attracts both long-term residents and vacationers during the peak summer season. Investors may find value in the versatility of a two-unit configuration, which allows for either stable rental income or potential owner-occupant strategies. North Wildwood remains a popular destination within the broader South Jersey region, providing consistent exposure to regional economic drivers and local infrastructure. This property represents a straightforward addition for those focused on small-scale multifamily investments in a established seaside municipality.

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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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