222 E Rio Grande Avenue

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222 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 property located at 222 E Rio Grande Avenue.
  • The apartment building consists of seven individual units.
  • Property is situated within the coastal market of Wildwood.
  • Investment opportunity located in a popular New Jersey region.
  • Asset type suitable for diverse residential leasing strategies.

What's Special

Wildwood serves as a prominent coastal community within the New Jersey shore region, drawing consistent seasonal and year-round interest from residents and visitors. Positioned at 222 E Rio Grande Avenue, this multifamily asset benefits from the surrounding energy of the barrier island market. The area maintains a steady demand for rental housing due to its proximity to regional entertainment and the local economy driven by the tourism and service sectors. With seven individual units, this apartment building presents a functional addition to a residential investment portfolio. Given the layout and unit count, the property is suited for investors looking to acquire a manageable residential holding in a well-trafficked coastal submarket. The site's location provides accessibility to both the local commercial districts and the nearby coastline, ensuring ongoing interest from the area's tenant base.

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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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