217-219 E Rio Grande Avenue

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217-219 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 sale in Wildwood.
  • Property contains three individual rental units on-site.
  • Located at 217-219 E Rio Grande Avenue in New Jersey.
  • Situated within the popular Cape May County coastal region.
  • Asset provides potential for consistent residential rental income.

What's Special

This multifamily apartment building contains three units in the coastal city of Wildwood, New Jersey. The property at 217-219 E Rio Grande Avenue positions residents within a popular summer destination known for its boardwalk and expansive beaches. The local economy relies heavily on seasonal tourism and hospitality, making this an accessible entry point for investors targeting the shore market. The layout supports multi-tenant occupancy, providing a steady residential income stream in an area that attracts both vacationers and long-term renters. The building structure is well-suited for a variety of investment strategies, whether maintaining a traditional rental model or evaluating potential repositioning within this active municipal corridor. Investors benefit from the persistent demand for housing in this established Cape May County submarket.

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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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