210 E Rio Grande Avenue

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210 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).

  • The property is currently available for purchase in Wildwood.
  • This multifamily building contains a total of two units.
  • The asset is situated within the 08260 zip code area.
  • The location serves a market with significant seasonal tourism activity.
  • Investors can utilize these units for long-term or seasonal rentals.

What's Special

The apartment building located at 210 E Rio Grande Avenue in Wildwood, New Jersey, consists of two units. This multifamily asset occupies a position in a coastal market known for its seasonal tourism and local residential demand. Investors often look to properties of this scale in Wildwood for their potential as stable rental housing or as vacation-oriented accommodations near the shore. The site provides access to the broader Cape May County region, which benefits from consistent regional activity and infrastructure connectivity throughout the warmer months. Given the unit count, the property presents a manageable investment opportunity for those seeking to build or expand a local residential portfolio in an established shore community.

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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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