47-49 W Boardwalk

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47-49 W Boardwalk

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 building located in North Wildwood, New Jersey.
  • Property situated at the address 47-49 W Boardwalk.
  • Asset functions as an apartment building for residential use.
  • Located within a prominent coastal tourist destination in South Jersey.

What's Special

This multifamily apartment building at 47-49 W Boardwalk in North Wildwood consists of three units. Situated along the Jersey Shore, North Wildwood maintains a strong seasonal economy driven by its accessible beaches and boardwalk culture, appealing to both year-round residents and vacationers. The property provides a residential housing option in a coastal community known for its high foot traffic and consistent summer tourism industry. Investors or owner-occupants may find this asset suitable for various income-generating strategies, including long-term leasing or seasonal rentals. Given the location in a well-established beach town, the site benefits from proximity to major recreational amenities and local transit corridors. The structure serves as a functional addition to a real estate portfolio looking for exposure in the Cape May County housing market.

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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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