303 W 17th Avenue

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303 W 17th 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 purchase in North Wildwood
  • Asset features a total of four residential rental units
  • Located in an established coastal market in Cape May County
  • Property offers potential for diversified residential investment strategies
  • Positioned within reach of primary Jersey Shore regional infrastructure

What's Special

This multifamily apartment building for sale at 303 W 17th Avenue in North Wildwood, New Jersey, presents a functional addition to an investment portfolio. The property comprises four distinct residential units, providing a stabilized income stream potential in a coastal community. North Wildwood functions as a popular destination within the Jersey Shore region, characterized by seasonal tourism and a consistent demand for rental housing. Investors may find this asset well-suited for long-term hold strategies or as a strategic addition to a local residential portfolio. Its location in this established shore town offers accessibility to regional transit corridors and the local coastline, making it a practical option for those focused on the Cape May County market. The configuration of the four units allows for efficient management practices within a competitive regional rental landscape. Whether targeting permanent residents or summer seasonal occupants, this multifamily property serves as a foundational investment in a recognized coastal 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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