308 E 14th Avenue

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308 E 14th 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).

  • Located at 308 E 14th Avenue in North Wildwood New Jersey
  • Multifamily apartment building containing two individual residential units
  • Asset positioned in a established coastal residential submarket
  • Suitable for residential rental income or portfolio expansion
  • Property situated within the 08260 zip code area

What's Special

This two-unit multifamily apartment building is situated at 308 E 14th Avenue in North Wildwood, New Jersey. The property provides a straightforward investment option within a coastal community known for its seasonal tourism and steady regional population. North Wildwood serves as a prominent destination along the Jersey Shore, benefiting from proximity to regional transit routes and local commerce. Given the configuration, this asset is well-suited for an investor looking to manage a small-scale residential portfolio or a buyer interested in long-term rental income within this specific beach market. The coastal location supports consistent demand for residential housing from both permanent residents and summer visitors. By acquiring this multifamily asset, an owner gains a footprint in a established submarket that maintains a balanced residential character throughout the year. The building layout allows for efficient management, providing clear potential for steady cash flow in a desirable shore location.

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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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