306 Central Avenue

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306 Central 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).

  • Four-unit multifamily apartment building available for immediate sale
  • Located at 306 Central Avenue in North Wildwood New Jersey
  • Asset sits within the 08260 zip code of the region
  • Well-suited for investors targeting the coastal residential rental market
  • Provides a strategic residential holding in a stable suburban municipality

What's Special

This multifamily apartment building for sale in North Wildwood presents a viable acquisition for investors seeking to grow their residential portfolio. Situated at 306 Central Avenue, this asset encompasses 4 units within a coastal community known for its steady demand in the regional rental market. The property benefits from the year-round economic activity of the Jersey Shore, which attracts both seasonal vacationers and long-term residents seeking access to the coast. Its location allows for convenient connectivity to regional transit corridors, supporting stable tenant interest and occupancy potential. Given the demand for residential housing in this submarket, the building serves as a straightforward addition for operators focused on localized multi-family assets. Prospective buyers will find this configuration suitable for traditional leasing strategies in an established neighborhood setting, offering a distinct presence within the North Wildwood municipal area.

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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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