412 E 10th Avenue

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412 E 10th 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).

  • Three-unit multifamily apartment building available for purchase
  • Located at 412 E 10th Avenue in North Wildwood
  • Prime asset for residential rental investment in Cape May County
  • Positioned within a popular coastal New Jersey market
  • Functional layout suitable for year-round or seasonal tenants

What's Special

Investors seeking to expand a residential portfolio will find this three-unit apartment building at 412 E 10th Avenue a practical acquisition in North Wildwood, New Jersey. The property provides a stable asset class within a coastal market, well-suited for long-term rental income or seasonal housing strategies common to the Cape May County region. With three distinct units, the building allows for efficient management and consistent cash flow potential in a destination known for its steady demand during warmer months. North Wildwood remains a popular shore community, drawing consistent interest from both vacationers and year-round residents. This location benefits from the regional economic activity tied to the Jersey Shore, where proximity to municipal beaches and local retail corridors drives ongoing market activity. The structure serves as a functional entry point for those looking to secure property in an established residential pocket of the area.

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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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