233 E 11th Avenue

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233 E 11th 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 sale in North Wildwood
  • The residential property contains two distinct rental units
  • Located at 233 E 11th Avenue in coastal New Jersey
  • Positioned within an active seasonal and residential shore market
  • Ideal asset for investors focused on small-scale residential holdings

What's Special

This multifamily apartment building at 233 E 11th Avenue in North Wildwood, New Jersey, is currently for sale and suits investors seeking a residential addition to their portfolio. The property comprises two units in a coastal municipality known for its seasonal tourism economy and steady year-round population. North Wildwood remains a accessible destination within the broader South Jersey shore region, providing consistent demand for rental housing options near the Atlantic coastline. Given the configuration of this asset, it presents a practical choice for those interested in a low-density residential investment. Whether managed as long-term rentals or evaluated for seasonal occupancy, the building offers a functional footprint in an established neighborhood. Prospective buyers will find this an efficient entry into the local housing market, well-positioned to serve the needs of residents who value proximity to regional amenities and the coastal lifestyle inherent to the area.

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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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