317 E 8th Street

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317 E 8th Street

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 317 E 8th Street in North Wildwood, New Jersey
  • Asset classification features a two-unit multi-family apartment building
  • Strategically positioned within the Cape May County coastal real estate market
  • Suitable for residential investment or owner-occupied property management strategies
  • Benefits from regional tourism demand and local year-round residential growth

What's Special

The two-unit apartment building at 317 E 8th Street in North Wildwood, New Jersey, functions as a residential investment asset. Located in a coastal community known for seasonal tourism and year-round residential living, this property provides a straightforward acquisition in the Cape May County real estate market. The building structure supports multi-family use, allowing for potential rental income generation or owner-occupant strategies. Investors benefit from the established appeal of North Wildwood, which maintains steady demand due to its proximity to beaches, boardwalk attractions, and regional employment hubs throughout the Jersey Shore. This asset is positioned to serve tenants seeking housing within the submarket, offering a manageable scale for portfolios ranging from individual investors to those expanding a regional footprint. Its layout and unit count provide versatility for various leasing configurations depending on local market conditions and tenant requirements.

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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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