224 W 10th Avenue

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224 W 10th 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
  • Asset features a total of 2 residential rental units
  • Located at 224 W 10th Avenue in the 08260 zip code
  • Property is well-positioned for coastal New Jersey rental demand
  • Suitable for investors managing small-scale residential portfolios

What's Special

This multifamily apartment building for sale in North Wildwood, New Jersey, presents a functional investment option for local property owners or portfolio managers. Situated at 224 W 10th Avenue, the structure contains 2 units, offering flexibility for investors looking to hold residential assets in a coastal market. North Wildwood functions as a popular destination within the Jersey Shore region, drawing seasonal visitors and year-round residents alike due to its proximity to the Atlantic coastline and established community infrastructure. The layout is well-suited for long-term rental income or potential repositioning strategies. Buyers seeking to establish a footprint in this submarket will find the property positioned to take advantage of the area's steady demand for rental housing. The site serves as a manageable addition to a residential investment portfolio.

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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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