431 E 18th Avenue

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431 E 18th 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).

  • Multifamily apartment building located in North Wildwood, New Jersey.
  • The residential property consists of two individual units.
  • Property is situated at the address 431 E 18th Avenue.
  • Coastal location serves both year-round residents and seasonal vacationers.
  • Asset provides an entry-level investment opportunity for residential portfolios.

What's Special

This multifamily apartment building contains two units and is situated at 431 E 18th Avenue in North Wildwood, New Jersey. The property provides a residential investment option within a coastal community known for its seasonal tourism and steady rental demand. North Wildwood serves as a prominent destination along the Jersey Shore, benefiting from proximity to regional transit routes and local commerce. Given its residential designation and unit configuration, the property is suitable for investors seeking to maintain long-term rentals or explore seasonal housing opportunities. The asset fits well into the broader Cape May County market, where real estate performance is often supported by both year-round residents and summer vacationers. Potential owners may find value in the building's scale for easier management while diversifying a property portfolio in a high-demand shoreline 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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