2009 Atlantic Avenue

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2009 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 asset available for sale in North Wildwood New Jersey
  • Two-unit apartment building located at 2009 Atlantic Avenue
  • Coastal market positioned within the established Cape May County
  • Suitable for residential rental income or seasonal occupancy usage
  • Located near primary local amenities and regional shore infrastructure

What's Special

Investors seeking a stabilized multifamily asset in North Wildwood will find this two-unit apartment building at 2009 Atlantic Avenue a functional addition to a coastal real estate portfolio. North Wildwood remains a popular shore destination, benefiting from seasonal tourism and a consistent demand for rental housing near the Atlantic coastline. This property provides an efficient layout suitable for long-term residential leasing or seasonal occupancy, catering to the ongoing need for housing in this established New Jersey submarket. The structure occupies a strategic position within the city, allowing for convenient access to local amenities and regional thoroughfares. Given the asset type and current configuration, this building serves as a straightforward acquisition for those focusing on small-scale residential holdings in the Cape May County area. Its location supports a stable rental environment driven by both permanent residents and summer visitors looking for proximity to the beach and boardwalk activities.

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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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