400 W Pine Avenue

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400 W Pine 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).

  • Two-unit multifamily apartment building available for purchase
  • Located at 400 W Pine Avenue in North Wildwood
  • Well-suited for investors targeting coastal residential income streams
  • Property situated in the active Cape May County region
  • Multifamily asset offers potential for long-term rental appreciation

What's Special

Multifamily assets like 400 W Pine Avenue in North Wildwood present a practical acquisition for investors seeking a foothold in the coastal New Jersey residential market. This two-unit apartment building resides in a region characterized by seasonal tourism and a stable local population, supporting consistent demand for well-maintained rental housing. North Wildwood remains a preferred destination for beach-goers and long-term residents alike, benefiting from its proximity to primary shore access points and regional transport routes. The scale of this property makes it a manageable addition to a small portfolio or an entry-level investment for those expanding their presence in the Cape May County submarket. Future owners may explore repositioning strategies or long-term hold options to align with the evolving landscape of local residential real estate. This property represents a clear functional opportunity for buyers focused on the fundamentals of multifamily income production in a prominent shore municipality.

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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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