329 E 20th Avenue

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329 E 20th 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 329 E 20th Avenue in North Wildwood
  • Multifamily apartment building available for purchase
  • Asset configuration consists of two residential units
  • Positioned within the active New Jersey shore market
  • Property supports versatile residential or investment use cases

What's Special

North Wildwood serves as a prominent coastal destination within the New Jersey shore region, characterized by its steady seasonal tourism and residential appeal. Situated at 329 E 20th Avenue, this multifamily apartment building occupies a strategic position within the local community. The asset includes two distinct units, providing a manageable configuration for investors seeking a presence in a high-demand coastal market. This property type is well-suited for long-term residential leasing or as a vacation rental investment given the strong regional attraction to the shoreline. The North Wildwood area continues to function as a focal point for housing demand due to its accessible infrastructure and proximity to essential amenities. Prospective owners can utilize this building to establish a foothold in a stable submarket defined by its ongoing popularity among seasonal visitors and permanent residents 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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