306 E 22nd Avenue

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306 E 22nd 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 multifamily asset is currently available for purchase in North Wildwood.
  • The building structure consists of two distinct apartment units.
  • Property is situated at 306 E 22nd Avenue in New Jersey.
  • North Wildwood is an established coastal community in Cape May County.
  • Small-scale apartment buildings are suitable for income-focused real estate investors.

What's Special

This multifamily property at 306 E 22nd Avenue in North Wildwood, New Jersey, is currently for sale and presents a functional acquisition for an investor seeking a compact residential asset. The building contains two apartment units, providing a manageable configuration for those looking to expand their portfolio in this established coastal market. North Wildwood remains a popular destination in the Cape May County region, characterized by seasonal tourism and a steady year-round population. Its proximity to regional beaches and accessible local roadways supports demand for rental housing, making this an appropriate selection for individuals interested in income-generating residential properties. Investors often target this type of small-scale apartment building to capitalize on the sustained appeal of the Jersey Shore area. The asset serves as a straightforward option for hands-on management or long-term rental strategies in a well-traversed shore community.

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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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