2005 New York Avenue

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2005 New York 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
  • Asset contains two distinct residential units for investment
  • Positioned in the coastal Cape May County region
  • Suitable for long-term residential rental income generation
  • Provides potential for owner-occupied or investment strategies

What's Special

Investors seeking to expand their residential holdings in the coastal market of North Wildwood, New Jersey, may find this multifamily asset well-suited for a portfolio. The building consists of two units, providing a straightforward management structure for those interested in long-term rental income or potential conversion options. North Wildwood remains a popular destination in Cape May County, benefiting from consistent seasonal demand and a local economy centered on tourism and regional hospitality. This property type functions effectively for a variety of residential investment strategies, ranging from a primary owner-occupier arrangement with additional rental income to a traditional income-producing hold. The site offers proximity to area attractions and the characteristic beach town atmosphere that draws residents and visitors to this New Jersey coastline community each year.

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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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