404 Surf Avenue

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404 Surf 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 at 404 Surf Avenue
  • Asset features two total residential dwelling units
  • Located in the coastal community of North Wildwood
  • Property situated within the active Cape May County market
  • Suitable for residential leasing or seasonal rental models

What's Special

This multifamily apartment building at 404 Surf Avenue in North Wildwood, New Jersey, consists of two units. North Wildwood is a coastal community within Cape May County, recognized for its seasonal tourism and proximity to regional beaches along the Atlantic coastline. Properties of this nature provide established rental configurations suitable for long-term residential leasing or conversion into seasonal vacation rentals for visitors to the barrier island. The regional economy relies heavily on the hospitality and service sectors, supported by steady summer population growth and year-round residential demand. Situated in a dense submarket, this building offers investors proximity to major local thoroughfares and the shoreline. The layout of two distinct units creates a manageable scale for private investors looking to establish a foothold in this established coastal New Jersey residential corridor.

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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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