215 E 24th Avenue

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215 E 24th 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).

  • Six-unit multifamily building located in North Wildwood, New Jersey.
  • Property address sits at 215 E 24th Avenue.
  • Residential apartment building situated in a key Cape May County market.
  • Asset offers potential for rental housing investment in a coastal setting.
  • Coordinates placed at 38.9939 latitude and -74.8064 longitude.

What's Special

This six-unit multifamily apartment building is positioned at 215 E 24th Avenue in North Wildwood, New Jersey. The property provides a straightforward investment option within a coastal community known for its seasonal tourism and steady regional appeal. As a residential asset in this barrier island setting, the building is well-situated to serve both year-round tenants and those seeking the proximity to the Atlantic coastline that defines this Cape May County municipality. Multi-unit residential properties in North Wildwood function effectively as rental housing in a market that experiences significant population shifts during the summer months. Ownership of this site allows investors to establish a footprint in a established beach town with consistent infrastructure and local commerce. The layout and unit count provide versatility for managing a small-scale residential portfolio in a location that maintains strong demand for apartment living throughout the year.

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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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