216 E 17th Avenue

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216 E 17th 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 located at 216 E 17th Avenue
  • Property consists of two distinct residential rental units
  • Situated in the coastal market of North Wildwood
  • Asset provides potential for income-producing residential investment
  • Strategic position within the Cape May County region

What's Special

This two-unit multifamily property sits at 216 E 17th Avenue in North Wildwood, New Jersey. The apartment building offers a total of two units, providing a clear opportunity for investors or owner-occupants looking to establish a presence in this coastal community. North Wildwood remains a popular destination within the Cape May County area, characterized by its seasonal tourism and steady demand for residential rentals near the coastline. Given the configuration of the property, the building serves as an efficient asset for those interested in small-scale income generation or portfolio expansion within a established beach town environment. The layout allows for flexible management strategies, whether intended for long-term residential tenants or potentially vacation-oriented occupancy. The property benefits from its position within a growing suburban market that maintains consistent appeal for residents seeking proximity to the Atlantic shoreline and local amenities.

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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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