213 E 26th Avenue

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213 E 26th 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).

  • Multifamily apartment building available for sale in North Wildwood
  • Asset contains a total of five separate residential units
  • Located at 213 E 26th Avenue in the 08260 zip code
  • Positioned within an established coastal market in New Jersey
  • Property offers potential for long-term residential rental income

What's Special

The five-unit apartment building located at 213 E 26th Avenue in North Wildwood, New Jersey, presents a residential investment asset in a coastal market. This multifamily property serves as a functional addition to a portfolio, positioned within a region recognized for its seasonal tourism economy and steady year-round population. The layout of the units accommodates traditional rental operations, providing consistent utility for tenants seeking proximity to the local amenities and the beach area. Investors may find this asset appropriate for long-term hold strategies or as a component of a broader multifamily portfolio within Cape May County. The site benefits from its accessibility to major local thoroughfares that connect the island communities along the southern New Jersey coast. Owners can expect stable interest from renters attracted to the lifestyle and demographic trends characteristic of this established seaside environment.

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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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