301 W 1st Avenue

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301 W 1st 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 New Jersey
  • Property comprises three distinct residential rental units for occupants
  • Asset occupies a coastal position at 301 W 1st Avenue
  • Suitable for long-term income generation or seasonal residential rental
  • Strategically situated within a established Cape May County submarket

What's Special

Investors seeking a stabilized multifamily asset in a coastal market will find this three-unit apartment building at 301 W 1st Avenue in North Wildwood, New Jersey, a practical addition to a residential portfolio. The property benefits from its positioning within a popular shore community known for steady seasonal demand and consistent regional interest from both vacationers and year-round residents. Given the density and residential nature of the immediate neighborhood, this asset is well-suited for long-term rental income strategies or conversion to seasonal short-term accommodations. North Wildwood maintains its appeal through strong infrastructure and a supportive local economy driven by tourism. The building provides manageable scale for direct oversight or inclusion in a broader property management strategy, allowing for operational efficiency within the Cape May County market. Prospective buyers should evaluate the current unit configuration to determine how this multifamily configuration best aligns with their existing income growth objectives.

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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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