220 E 9th Avenue

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220 E 9th 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 located in North Wildwood New Jersey
  • Building contains a total of three residential units
  • Property is situated at the address 220 E 9th Avenue
  • Asset is currently available for purchase by investors
  • Location offers proximity to regional coastal tourist destinations

What's Special

This multifamily apartment building contains three units and sits at 220 E 9th Avenue in North Wildwood, New Jersey. The property provides a residential investment opportunity within a coastal municipality known for its seasonal tourism and proximity to local beaches. Investors in this submarket often target properties capable of serving either long-term tenants or summer vacationers seeking proximity to the Atlantic shoreline. North Wildwood maintains a steady population character defined by its resort-driven economy and accessible transit routes along the Jersey Shore. Given the unit configuration, this asset functions as an efficient addition to a local housing portfolio. The structure is positioned to benefit from the ongoing demand for housing within this established community, offering potential utility as a rental income source in a well-traveled region of the state.

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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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