224 E 20th Street

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224 E 20th Street

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 purchase
  • Located at 224 E 20th Street in North Wildwood
  • Positioned within the Cape May County coastal region
  • Asset suitable for seasonal or long-term rental operations
  • Provides a strategic addition to a residential investment portfolio

What's Special

Investors seeking to expand a residential portfolio will find this three-unit apartment building at 224 E 20th Street in North Wildwood, New Jersey, a practical acquisition. The property functions well as a multi-family income generator in a popular shore community, catering to the seasonal rental market or year-round residents who value proximity to the coast. Its configuration allows for efficient property management and steady cash flow potential within the Cape May County housing market. North Wildwood remains a consistent destination for regional travelers and summer residents, benefiting from its established infrastructure and seasonal economic activity. This asset type is well-suited for hands-on owners or entities focusing on coastal real estate investment. Prospective buyers can leverage the existing density of the three units to maximize return on investment in an area known for strong tourism-driven demand.

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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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