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 available for purchase in North Wildwood
  • Total building inventory consists of three distinct residential units
  • Property is situated at 308 E 10th Avenue in New Jersey
  • Asset appeals to investors targeting the Cape May County market
  • Suitable for long-term residential leasing or seasonal occupancy models

What's Special

This multifamily property for sale at 308 E 10th Avenue in North Wildwood, New Jersey, presents a viable acquisition for residential investors seeking a manageable apartment building. The asset comprises three units, positioning it well for buyers interested in smaller multi-family portfolios or those looking to expand their presence in this coastal submarket. North Wildwood remains a consistent destination for seasonal residents and long-term tenants due to its proximity to the Atlantic shoreline and the broader regional tourism economy of Cape May County. Given the unit configuration, the property functions effectively as a stable income-generating asset. Investors can utilize these units for standard long-term leasing or explore seasonal occupancy models common to the shore region. Its placement within a established residential area provides accessibility to local infrastructure and commercial thoroughfares, ensuring continued appeal for potential occupants in a competitive rental climate.

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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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