224 E 20th Avenue

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224 E 20th 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).

  • Three-unit multifamily apartment building available for sale
  • Located at 224 E 20th Avenue in North Wildwood
  • Positioned within the active Cape May County coastal market
  • Suitable for residential rental investment or vacation housing
  • Maintains a prime location in the North Wildwood area

What's Special

This 3-unit multifamily apartment building is situated at 224 E 20th Avenue in North Wildwood, New Jersey. North Wildwood serves as a prominent coastal community in the Cape May region, benefiting from strong seasonal demand and a stable year-round population. The property is well-positioned for investors seeking to build or maintain a footprint in this highly sought-after seaside submarket. Given the local housing demand, this asset represents a functional holding for those focused on rental income or long-term value appreciation. The building layout supports efficient management and provides steady utility for tenants seeking proximity to the local shoreline and regional amenities. Its configuration as a small-scale multi-family residence is well-suited for both vacation rental models or traditional long-term leasing strategies common within the Jersey Shore market.

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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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