206 W 15 Street

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206 W 15 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 sale in North Wildwood.
  • Property consists of two individual residential rental units.
  • Located at 206 W 15 Street in the 08260 zip code.
  • North Wildwood offers a seasonal coastal rental market environment.
  • Asset provides an entry-level investment opportunity in Cape May County.

What's Special

This multifamily apartment building at 206 W 15 Street in North Wildwood, New Jersey, is currently available for sale. The property consists of two residential units, providing a manageable scale for investors looking to expand their portfolio in a coastal market. North Wildwood is well-regarded for its seasonal tourism economy and steady rental demand, benefiting from its proximity to regional beaches and local entertainment districts. The asset type allows for various operational approaches, including long-term leasing or potential short-term rental strategies depending on local zoning regulations. As a compact residential investment, this building is suited for individuals or entities seeking to capitalize on the character of the Cape May County real estate market. The structure is situated within a established residential area, offering access to the amenities that define this seaside community. Prospective buyers should conduct their due diligence regarding local requirements and market performance to maximize the utility of this multi-unit asset.

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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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