108 E Rio Grande Avenue

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108 E Rio Grande Avenue

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).

  • Two-unit apartment building located in Wildwood, New Jersey.
  • Property occupies a convenient address on East Rio Grande Avenue.
  • Multifamily residential asset suited for investment and rental strategies.
  • Positioned within a recognizable coastal region in South Jersey.
  • Strategic location supports consistent demand for local housing options.

What's Special

This two-unit multifamily apartment building sits at 108 E Rio Grande Avenue in Wildwood, New Jersey. The property provides a residential asset within a coastal market known for its tourism-driven economy and seasonal population growth. As an established apartment building, this asset functions as an investment vehicle for those seeking to build or maintain a footprint in the local housing sector. The site serves as a base for year-round or seasonal tenants in a region characterized by its proximity to the Atlantic shoreline and regional transit corridors. Potential investors may consider this property for long-term rental income strategies or as part of a diversified residential portfolio in the Cape May County area. Its location in a developed municipality allows for accessible management and proximity to necessary municipal services and local infrastructure.

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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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