413 W Spruce Avenue

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413 W Spruce Avenue

North Wildwood, NJ 08260
Asking Price
Contact for price
Asset Type
Apartment Building Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 413 W Spruce Avenue in North Wildwood, New Jersey
  • Mixed-use asset categorized as an apartment building for sale
  • Positioned within the active coastal market of Cape May County
  • Ideal for investors targeting residential and commercial rental revenue streams
  • Situated in a well-traversed area with consistent seasonal tourist activity

What's Special

Investors seeking to expand their residential and commercial portfolios will find this mixed-use asset at 413 W Spruce Avenue in North Wildwood, New Jersey, an addition worth evaluating. As a prominent coastal destination, North Wildwood maintains a steady seasonal economy supported by its popular beach access and local tourism infrastructure, providing a unique environment for apartment building operations. The property sits within a community that benefits from consistent foot traffic during peak months, making it a viable candidate for a owner-operator or a passive investment strategy focused on long-term rental income. Its structure supports a blend of living and business spaces, which offers versatility in a market where both seasonal vacationers and local residents drive housing demand. The location within this Cape May County municipality provides proximity to key thoroughfares and local commercial districts, ensuring the asset remains integrated into the regional 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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