223-225 E 18th Avenue

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223-225 E 18th 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).

  • The property consists of 9 residential apartment units total.
  • Located in North Wildwood within the state of New Jersey.
  • The asset is currently available for purchase by interested investors.
  • Property resides in a known coastal residential and tourism market.
  • Multifamily building optimized for residential rental or investment use.

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal tourism and a consistent residential base. This multifamily apartment building is situated at 223-225 E 18th Avenue, positioned to capitalize on the region’s established appeal and steady demand for rental housing. The asset features a total of 9 units, making it an efficient addition to a diverse real estate portfolio. Its structure and location are well-suited for long-term residential leasing or potential seasonal rental strategies given the surrounding community characteristics. Investors looking to acquire stabilized residential assets in a recognizable seaside market will find this property aligns with standard investment criteria for the area. The site provides proximity to local amenities and regional transit routes, supporting its utility for both permanent tenants and visitors exploring the Jersey Shore. This property represents a functional asset for those seeking to build or maintain a footprint in an active New Jersey coastal municipality.

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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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