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).

  • Three-unit multifamily apartment building located in North Wildwood
  • Asset is situated at the address of 301 W 1st Avenue
  • Property resides within a prominent South Jersey coastal residential market
  • Residential configuration suited for long-term or seasonal rental strategies
  • Positioned in Cape May County with proximity to regional shore amenities

What's Special

This multifamily apartment building at 301 W 1st Avenue in North Wildwood consists of three units. Situated within the coastal landscape of Cape May County, the property benefits from a market defined by its seasonal tourism and steady demand for residential housing near the Atlantic shoreline. The asset serves as a functional investment for those seeking a small-scale multi-family holding in a established shore community. Investors may find utility in the property for long-term rental income or as a vacation-oriented asset given its position in a popular regional travel destination. Its configuration accommodates tenants seeking proximity to the beach and local amenities, typical of the broader South Jersey coastal economy. The structure aligns with the residential character of the surrounding neighborhood while providing a straightforward entry point into the local housing market.

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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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