411 E 20th Avenue

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411 E 20th 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 property is located at 411 E 20th Avenue.
  • The building features a total of two residential units.
  • North Wildwood is a coastal city in Cape May County.
  • The asset is situated within a established residential shore market.
  • The building is currently available for purchase by investors.

What's Special

This multifamily property at 411 E 20th Avenue in North Wildwood, New Jersey, is currently available for sale and presents a functional acquisition for an investor seeking a compact residential holding. Comprised of two units, the apartment building fits well within the coastal residential landscape of this popular shore community. North Wildwood maintains a consistent demand for housing due to its tourism-driven economy and proximity to beach-focused recreational activities throughout the Cape May County region. The property offers straightforward potential for those looking to manage a small-scale rental asset in a steady submarket. With its straightforward layout and established location, this multifamily building serves as a practical addition to a broader real estate portfolio. Prospective buyers should consider the long-term utility of maintaining rental housing in a geography that experiences significant seasonal influxes alongside a year-round resident base.

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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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