206 W 15th Avenue

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206 W 15th 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).

  • The asset consists of two residential apartment units for sale.
  • Property is located at 206 W 15th Avenue in North Wildwood.
  • This multifamily building is situated in the 08260 zip code.
  • The location offers direct access to the South Jersey shoreline.
  • This asset is suitable for investment in the coastal residential market.

What's Special

This two-unit apartment building located at 206 W 15th Avenue represents an established multifamily asset in North Wildwood, New Jersey. Positioned within a coastal community known for its seasonal tourism and steady rental demand, this property provides a straightforward investment for those seeking a manageable residential holding in the Cape May County area. The site is situated within close proximity to the beach and local commercial corridors that drive year-round economic activity in the region. Investors looking for multi-family opportunities in this shore market may find this configuration suitable for long-term rental income or seasonal leasing strategies. The layout supports efficient management for an owner-operator or an investor seeking a compact asset within this specific submarket. Its placement near major regional roadways ensures connectivity to the broader South Jersey coastline, making it a functional addition to a diversified real estate portfolio focused on the residential sector.

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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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