710 New York Avenue

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710 New York 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 contains two distinct housing units.
  • The asset is currently available for purchase by investors.
  • Located at the address of 710 New York Avenue.
  • The building fits within the coastal North Wildwood market.

What's Special

This multifamily apartment building for sale at 710 New York Avenue serves as a functional addition for investors seeking residential assets in the North Wildwood market. Comprised of two units, the property provides a manageable scale for individuals or entities focused on rental income within this coastal New Jersey community. North Wildwood maintains a steady seasonal demand, drawing residents and visitors alike to its barrier island environment. The asset type allows for a straightforward operational model, making it a viable consideration for those looking to expand their local housing portfolio. Future owners may explore various management strategies to leverage the property's location near regional shore attractions and infrastructure. The building provides a clear pathway for residential leasing in a market characterized by its steady summer population growth and appeal as a primary or secondary residential destination.

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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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