308 E 10th Avenue

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308 E 10th 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 located in North Wildwood, New Jersey.
  • Property address is situated at 308 E 10th Avenue.
  • The building structure currently contains three individual rental units.
  • Coastal market benefits from strong seasonal and year-round tenant demand.
  • Asset offers potential for residential investment or vacation rental use.

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, characterized by its seasonal tourism economy and steady residential appeal along the Atlantic coastline. Situated at 308 E 10th Avenue, this multifamily apartment building provides a strategic footprint within a market that experiences significant influxes of visitors and long-term renters during the warmer months. The property is well-positioned for investors looking to capture demand in a desirable shore town environment where housing stock remains in consistent demand. Comprising three distinct units, the building is suitable for various investment strategies, including long-term rental income or potential conversion to seasonal vacation housing. The structure benefits from its proximity to major regional transit routes that connect the Wildwoods to the wider South Jersey area. Its configuration offers flexibility for owners seeking to manage a smaller residential portfolio in a well-established seaside community that continues to attract a mix of year-round residents and temporary guests.

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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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