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 asset featuring five residential units for sale
  • Located at 213 E 26th Avenue in North Wildwood
  • Property situated within the established Cape May County market
  • Investment potential supported by coastal tourism and seasonal occupancy
  • Asset type suitable for independent residential property management

What's Special

This multifamily apartment building contains five individual units at 213 E 26th Avenue in North Wildwood, New Jersey. Located within a coastal community known for its seasonal tourism and proximity to the Atlantic shoreline, the property benefits from the regional economy of Cape May County. The asset is well-positioned for investors seeking to manage a small-scale residential portfolio in a destination market characterized by steady seasonal demand and long-term rental potential. The layout and scale of this asset facilitate straightforward management for property owners looking to establish a footprint in this established seaside submarket. Given the density and residential nature of the North Wildwood area, this building serves as a practical addition to an investment strategy focused on income-producing multifamily housing. Prospective buyers may consider the operational flexibility provided by a five-unit configuration in a highly accessible part of the municipality.

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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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