318 E 14th Avenue

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318 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).

  • Multifamily apartment building located in North Wildwood New Jersey
  • Asset contains two individual residential units for potential rental income
  • Property address is situated at 318 E 14th Avenue
  • Coastal location offers proximity to regional tourist destinations and beaches
  • Building size accommodates a manageable two-unit residential investment structure

What's Special

North Wildwood provides a coastal market environment characterized by seasonal tourism and residential density. Situated at 318 E 14th Avenue, this multifamily apartment building occupies a strategic position within the local community. The property features two distinct units, offering a straightforward residential investment within this established beach town. Its scale allows for manageable operations, making it suitable for investors interested in small-scale apartment holdings or those seeking a foothold in the Cape May County real estate market. The building caters to residents prioritizing proximity to the shore and the regional amenities associated with the barrier island lifestyle. Prospective owners may consider both long-term rental models or seasonal approaches given the area's popularity with vacationers. The infrastructure of North Wildwood benefits from reliable access to regional transit routes, supporting both permanent residents and summer visitors alike.

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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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