226 E 18th Avenue

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226 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).

  • Multifamily apartment building located in North Wildwood
  • Total building inventory consists of three distinct units
  • Asset is situated at the address 226 E 18th Avenue
  • Located within the coastal region of Cape May County
  • Property is currently available for purchase by investors

What's Special

This multifamily apartment building contains three units and is located at 226 E 18th Avenue in North Wildwood, New Jersey. Situated in a popular coastal community, the property benefits from the seasonal population growth and steady tourism typical of the Cape May County region. North Wildwood maintains a residential character while serving as a hub for visitors during the warmer months, making this asset suitable for investors focused on either year-round rentals or seasonal housing strategies. Ownership of this three-unit complex provides a functional entry point into a well-established beach town market. The property allows for flexible management approaches in an area known for high demand in the rental sector. Proximity to local infrastructure and coastal amenities supports consistent tenant interest in this specific submarket.

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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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