427 E 21st Avenue

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427 E 21st 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).

  • Located at 427 E 21st Avenue in North Wildwood New Jersey.
  • The asset functions as a multifamily apartment building for sale.
  • The property configuration consists of 2 distinct residential units.
  • North Wildwood offers a robust coastal market for residential investments.
  • The site sits within a well-established regional apartment submarket.

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal tourism and maintaining a steady year-round population. This multifamily apartment building at 427 E 21st Avenue provides a potential investment asset within this established community. The proximity to regional transit routes and local commerce supports accessibility for tenants. With a layout consisting of 2 units, the property fits the requirements for smaller-scale residential portfolios or owner-occupant strategies looking to capitalize on the coastal rental market. Demand for housing in this region remains consistent due to the appeal of shore living and proximity to regional employers and recreational attractions. The structure serves as an efficient vehicle for maintaining residential occupancy in a high-demand submarket.

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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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