706 W Pine Avenue

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706 W Pine Avenue

North Wildwood, NJ 08260
Asking Price
$980K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily asset located at 706 W Pine Avenue
  • Building comprises two individual apartment units
  • Available for purchase at an asking price of 979,900
  • Situated in the coastal city of North Wildwood
  • Investment property suitable for residential leasing strategies

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal visitors and year-round residents to this active shore community. Positioned on West Pine Avenue, this multifamily property benefits from its proximity to regional transit routes and the local lifestyle amenities common to Cape May County. The area remains a consistent hub for housing demand due to its tourism-based economy and accessible coastline access. This asset consists of two apartment units, providing a straightforward investment vehicle for those seeking a manageable residential holding. The building serves as an entry point for investors looking to establish a presence within a stable shore market. Given the structural configuration, the property is well-suited for long-term rental income or potential seasonal leasing strategies, aligning with the operational dynamics of the surrounding North Wildwood submarket.

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NOI
$80,000
Cap Rate
8.16%
DSCR
1.38
Strong
Cash-on-Cash
7.42%
Monthly Payment
$4,848.011
Annual Cash Flow
$21,823.873

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