222 W 15th

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222 W 15th

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.
  • Property consists of two separate residential rental units.
  • Cape May County location benefits from steady seasonal tourism.
  • Asset sits at coordinates 39.0019 latitude and -74.8055 longitude.
  • Standard residential layout suitable for year-round or vacation leasing.

What's Special

This multifamily apartment building contains two residential units and is situated in the coastal community of North Wildwood, New Jersey. The property provides a straightforward investment for those looking to add a small-scale rental asset to their portfolio within this active shore destination. As a seaside municipality, North Wildwood maintains a consistent demand for seasonal and year-round housing options due to its tourism-based economy and proximity to the Atlantic shoreline. Investors may find potential in stabilizing these residential units for long-term rental income or exploring vacation rental strategies common in this region of Cape May County. The local market benefits from steady summer tourism and a established residential base, making this a practical choice for buyers seeking a manageable multifamily acquisition. Its location allows for convenient access to regional attractions while providing a functional layout for modern tenants or vacationers.

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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

Location & Travel Times