203 W 23rd Avenue

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203 W 23rd 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).

  • Located at 203 W 23rd Avenue in North Wildwood, New Jersey.
  • This multifamily asset functions as an apartment building.
  • The building structure is comprised of two individual rental units.
  • Property resides within a highly active seasonal coastal tourism market.
  • Asset is currently available for purchase in the 08260 zip code.

What's Special

North Wildwood remains a staple of the Jersey Shore, characterized by its seasonal tourism economy and robust demand for coastal housing. This multifamily apartment building, situated at 203 W 23rd Avenue, offers a straightforward investment in a well-established submarket. The property consists of two distinct units, providing a manageable scale for investors looking to establish or expand a foothold in this popular vacation destination. Given the coastal location, the asset is well-positioned to serve as a long-term rental or a seasonal housing option for those attracted to the nearby beaches and regional amenities. The surrounding North Wildwood area continues to see consistent interest due to its accessible infrastructure and steady flow of summer visitors, making this a practical acquisition for local real estate portfolios. Its compact size ensures operational efficiency for owners seeking an entry-level residential income property in a recognizable shoreline community.

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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

Location & Travel Times