2200 Central Avenue

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2200 Central 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 purchase in North Wildwood
  • Asset features a total of two individual residential units
  • Located at 2200 Central Avenue in Cape May County
  • Positioned within a popular seasonal coastal tourism market
  • Suitable for residential rental income or portfolio expansion

What's Special

This multifamily property is available for sale, presenting an entry-level investment for those targeting the coastal apartment market in North Wildwood. Situated at 2200 Central Avenue, the building provides a manageable footprint for investors or owner-occupants looking to establish a foothold in a popular Jersey Shore destination. North Wildwood maintains a steady seasonal economy driven by tourism and a high demand for housing near the Atlantic coastline. The asset consists of 2 residential units, offering functional space that suits rental income generation or long-term portfolio diversification. Given the location in a key Cape May County municipality, this apartment building is well-positioned for tenants seeking proximity to regional attractions and the local lifestyle. Buyers evaluating this site should consider the consistent demand for shore-based housing and the potential for steady operations in a established residential submarket.

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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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