401 W 19th Avenue

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401 W 19th 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).

  • The multifamily asset is located in North Wildwood, New Jersey.
  • This residential building comprises a total of 2 individual units.
  • The property is positioned within the active Cape May coastal market.
  • Its location offers proximity to regional shore attractions and local services.
  • This building is currently available for purchase by interested investors.

What's Special

This multifamily apartment building contains 2 units and is situated at 401 W 19th Avenue in North Wildwood, New Jersey. North Wildwood serves as a coastal community within the Cape May region, benefiting from seasonal tourism trends and proximity to the Atlantic shoreline. The property provides a residential investment option in a well-established market area characterized by its beach-oriented economy and residential density. Investors may find this property suitable for long-term rental income or potential conversion strategies depending on local market demand. The building layout supports residential housing for individuals or small families seeking proximity to the local amenities and coastal lifestyle that the North Wildwood submarket provides. This asset represents a straightforward acquisition for those looking to expand their residential holdings within the South Jersey shore region.

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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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