209 N New Jersey Avenue

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209 N New Jersey 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 209 N New Jersey Avenue in North Wildwood
  • Multifamily apartment building available for sale in New Jersey
  • Property features a total of four individual rental units
  • Situated in a coastal community with consistent housing demand
  • Well-positioned asset for long-term residential or vacation investment

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal tourism and maintaining a steady demand for residential accommodations. Positioned at 209 N New Jersey Avenue, this multifamily apartment building benefits from its location within a well-established community known for its proximity to Atlantic shorelines and regional attractions. The property provides a residential housing option in a market where rental demand remains consistent due to both seasonal visitors and year-round residents. This asset consists of four units, presenting a functional layout for property owners or investors focused on the multi-family sector. The building scale allows for efficient management while capturing income from a highly sought-after seaside municipality. Prospective buyers may find this property suitable for continued operation as a long-term rental or a vacation-oriented asset, aligning with the broader economic patterns of this Cape May County submarket.

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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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