221 W 16Th Ave

Share this listing

Pre-formatted captions, a short link, and a QR code β€” ready to paste.

Share image
Sized for LinkedIn Β· 1200Γ—627 β€” matches the caption above.
Rendering preview…

221 W 16Th Ave

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 in North Wildwood, New Jersey.
  • The property at 221 W 16th Ave features three units.
  • Cape May County location provides consistent demand for coastal rentals.
  • Well-suited for residential investment or regional vacation housing strategies.
  • Property situated in an established residential and recreational market area.

What's Special

North Wildwood remains a staple of the New Jersey shore, providing a coastal environment that attracts seasonal visitors and year-round residents alike. Situated at 221 W 16th Ave, this multifamily asset occupies a prime position within this active seaside community. The property consists of three individual apartment units, offering flexibility for investors focused on the rental market in Cape May County. Its proximity to the beach and local amenities underscores its functional appeal for tenants seeking accessibility to the regional recreational hubs. Given the consistent demand for residential housing in this established coastal submarket, this apartment building functions as a viable addition to a portfolio targeting rental income. The structure is well-positioned to serve as a vacation rental property or a long-term residential investment within the growing shore economy.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates β€” verify with your lender and accountant.

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

Location & Travel Times