419 W Spruce Avenue

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419 W Spruce Avenue

North Wildwood, NJ 08260-3029
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
  • Property configuration includes six individual rental residential units
  • Situated in a prominent coastal market in New Jersey
  • Asset supports both year-round and seasonal rental strategies
  • Well-positioned for investors targeting New Jersey shore real estate

What's Special

Investors seeking to expand their residential holdings in the coastal market of North Wildwood should consider this multifamily apartment building for sale. The property features a total of 6 units, providing a stabilized footprint within a popular vacation and year-round destination on the New Jersey shore. Its location at 419 W Spruce Avenue places residents within reach of local beaches and the active community life that defines this shore town. The regional economy relies heavily on tourism and seasonal activities, creating consistent demand for rental housing options near the waterfront. This asset presents a practical addition to a diverse real estate portfolio, suitable for those targeting long-term tenants or seasonal rental models. Its scale allows for manageable operations while contributing to the overall housing stock of this growing coastal submarket. Proximity to major regional thoroughfares ensures connectivity to surrounding Atlantic County points of interest, maintaining the property's accessibility for residents commuting or visiting nearby employment hubs.

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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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