210 W 18th Avenue

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210 W 18th Avenue

North Wildwood, NJ 08260-2622
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 located in North Wildwood New Jersey
  • The residential property consists of two individual units
  • Asset is situated at 210 W 18th Avenue in 08260
  • Located within a popular coastal barrier island community
  • Suitable for either year-round or seasonal rental income

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal tourism and maintaining a steady year-round residential base. This multifamily apartment building, situated at 210 W 18th Avenue, operates within this established beach community. The property structure consists of two individual units, offering a straightforward residential investment within the local housing market. Given the site proximity to the shoreline and the regional demand for vacation rentals, the asset functions well as an income-generating rental property or a conversion for seasonal visitors. Investors can leverage the appeal of the barrier island geography, which supports both short-term leasing strategies and long-term tenant occupancy in this accessible submarket. The layout allows for versatile management approaches depending on the specific goals of the owner within the local municipal framework.

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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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