204 W 20th Street

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204 W 20th Street

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 available for purchase in North Wildwood
  • Asset features a total of three residential rental units
  • Located at 204 W 20th Street in a coastal community
  • Suitable for investors targeting small-scale residential rental properties
  • Regional position within the active Cape May County housing market

What's Special

This multifamily apartment building for sale in North Wildwood presents a viable acquisition for investors seeking to expand their residential portfolio. Situated at 204 W 20th Street, the asset consists of three individual units. The property is positioned within the coastal landscape of North Wildwood, a popular destination that benefits from seasonal tourism and a steady year-round population. This location provides access to regional transit routes and the broader Cape May County economic corridor, making it a functional choice for residential housing management. Investors looking to capitalize on rental demand in a well-established shore community may find this building aligns with their investment strategy. The site supports conventional rental operations, providing utility for those interested in long-term residential holdings within this specific submarket of New Jersey.

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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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