417 W Rio Grande Avenue

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417 W Rio Grande Avenue

Wildwood, NJ 08260-0000
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).

  • Residential multifamily building located at 417 W Rio Grande Avenue
  • Asset structure consists of two individual apartment units
  • Property situated in the coastal community of Wildwood New Jersey
  • Multifamily asset offers versatile income potential for regional investors
  • Located within a consistent market with year-round rental demand

What's Special

This two-unit apartment building located at 417 W Rio Grande Avenue in Wildwood, New Jersey, presents a clear opportunity for investors or owner-occupants looking to enter the regional residential market. Situated within a popular shore destination, the asset serves as a functional addition to a rental portfolio or a manageable owner-occupied property. The city remains a consistent draw for seasonal residents and visitors, providing steady demand for rental housing across the submarket. The multifamily layout allows for flexible income generation or individual unit management in a coastal setting. Its strategic positioning within Wildwood provides access to both residential neighborhoods and the broader economic activity centered around the area's tourism and year-round economy. This property functions as a versatile asset suitable for those seeking a tangible stake in the local housing landscape.

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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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