404 E 8th Avenue

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404 E 8th 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 available for sale in North Wildwood
  • Asset contains 2 residential units at the 8th Avenue location
  • Located in the established coastal housing market of New Jersey
  • Suitable for an owner-operator or residential property portfolio expansion
  • Positioned within a popular Jersey Shore regional vacation destination

What's Special

This multifamily apartment building at 404 E 8th Avenue in North Wildwood, New Jersey, is currently available for sale. The property consists of 2 units, presenting a straightforward acquisition for an investor seeking to expand a residential portfolio in a coastal market. North Wildwood functions as a popular destination within the Jersey Shore region, characterized by a seasonal tourism economy and a stable base of year-round residents. The modest scale of this asset makes it suitable for an owner-operator or an investor looking for a manageable addition to their holdings. Proximity to local transit routes and established residential corridors supports ongoing demand for rental housing in this segment of the regional market. Prospective buyers can consider various strategies, including long-term leasing or short-term vacation rentals, depending on local ordinances and operational preferences. This asset provides a functional foundation for those looking to capitalize on the sustained appeal of the coastal New Jersey housing market.

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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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