300 W 19th Avenue

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300 W 19th 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
  • Residential property comprised of two individual apartment units
  • Located at 300 W 19th Avenue in New Jersey
  • Situated within the popular Cape May County coastal region
  • Property suitable for long-term or seasonal rental strategies

What's Special

Investors seeking a focused residential asset in North Wildwood will find this two-unit apartment building well-positioned for long-term rental income or potential seasonal leasing. Located at 300 W 19th Avenue, the property sits within a coastal New Jersey municipality known for its steady influx of summer visitors and established residential demand. This compact multifamily configuration serves as a manageable acquisition for those looking to expand their portfolio within the Cape May County housing market. North Wildwood remains a consistent destination for beach tourism and secondary residences, providing a stable economic backdrop for multi-unit properties. The site at 19th Avenue offers proximity to key arterial roads and local amenities typical of this vibrant shoreline community. Prospective buyers can explore various management strategies to leverage the existing unit count effectively, catering to either year-round tenants or the seasonal hospitality cycle that defines the regional real estate landscape.

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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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