305 E 18th Avenue

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305 E 18th 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).

  • The property is located at 305 E 18th Avenue in North Wildwood.
  • This multifamily asset consists of two residential apartment units.
  • The building is currently available for purchase in New Jersey.
  • North Wildwood serves as a prominent coastal market in Cape May County.
  • The location is well-positioned for seasonal or long-term rental income.

What's Special

This multifamily apartment building contains two individual units and is situated at 305 E 18th Avenue in North Wildwood, New Jersey. The property provides a residential investment option within a popular coastal community known for its seasonal tourism and proximity to regional beaches. Investors often target such assets in this submarket to capitalize on the steady demand for rental housing, whether for long-term lease agreements or vacation-oriented arrangements during the busy summer months. North Wildwood remains a consistent destination in the Cape May County area, benefiting from its established infrastructure and accessibility to local commercial hubs. Acquiring a dual-unit asset of this size presents a manageable entry point into the local housing market. Prospective buyers may find utility in this configuration for potential owner-occupant strategies or as a straightforward addition to a regional residential portfolio.

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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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