407 E 7th Avenue

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407 E 7th 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 purchase in North Wildwood
  • Asset features a total of two residential rental units
  • Located at 407 E 7th Avenue within Cape May County
  • Property suits investors targeting smaller scale residential rental holdings
  • Positioned in a coastal submarket with consistent seasonal demand

What's Special

This multifamily property at 407 E 7th Avenue in North Wildwood, New Jersey, is currently available for sale. The asset functions as an apartment building, comprising two units suitable for investors looking to expand their residential portfolio in a coastal market. North Wildwood remains a popular destination in the Cape May County region, attracting seasonal residents and visitors who value proximity to local beaches and regional recreation. The building provides a functional footprint for income generation through long-term or short-term residential leasing strategies. Its positioning within this active submarket offers straightforward access to the established community infrastructure and nearby coastal thoroughfares that define this shore town. Investors may find this asset fits well within a strategy focused on maintaining smaller, manageable residential holdings in a consistent regional market. The property allows for flexible operational approaches depending on the specific objectives of the buyer, whether serving the local year-round population or the seasonal housing demand inherent to the barrier island landscape.

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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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