222 W 11th Avenue

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222 W 11th 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.
  • Property consists of two individual rental units for investors.
  • Located in a coastal market within Cape May County.
  • Strategically positioned near major area beaches and regional transit.
  • Suitable asset for residential leasing or owner-occupant arrangements.

What's Special

This multifamily apartment building contains 2 units and is positioned in North Wildwood, New Jersey. The property provides a residential investment option within a coastal community known for its seasonal tourism and steady regional appeal. Situated in Cape May County, this location benefits from proximity to local beaches and regional transit routes serving the South Jersey area. The asset serves as an addition to an investor portfolio or a potential owner-occupant arrangement. Residential demand in North Wildwood remains supported by the broader economic activity of the Jersey Shore. This property layout facilitates straightforward management for those seeking an entry-level multifamily asset. Prospective buyers may find utility in the existing unit configuration for long-term rental income or potential conversion options. Its proximity to community infrastructure and local amenities makes it a functional acquisition for individuals interested in the residential market of this established shore town.

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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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