110 E Rio Grande Avenue

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110 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).

  • Multifamily apartment building available for purchase in Wildwood.
  • The residential property consists of 3 individual units.
  • Located at 110 E Rio Grande Avenue in New Jersey.
  • Asset is positioned within a well-known coastal vacation market.
  • Suitable for investors managing small-scale residential rental properties.

What's Special

This multifamily apartment building contains 3 units and is situated at 110 E Rio Grande Avenue in Wildwood, New Jersey. The property provides a residential investment opportunity within a coastal community known for its seasonal tourism and steady regional population. Wildwood maintains a distinct position within the Cape May County market, supported by its proximity to popular shore attractions and established infrastructure. This asset structure is well-suited for investors seeking to manage a smaller residential footprint in a high-demand vacation destination. Its location offers accessibility for residents and occupants alike, benefiting from the broader economic activity of the surrounding municipality. Given the current configuration, this building serves as a practical addition to a residential portfolio focusing on manageable, multi-unit assets in an active coastal environment.

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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

Location & Travel Times