115 Allen Drive

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115 Allen Drive

North Wildwood, NJ 08260-6001
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 North Wildwood
  • Asset contains two residential rental units for potential income
  • Located in a prominent coastal market in Southern New Jersey
  • Property sits within the 08260 zip code area of North Wildwood
  • Suitable for residential investors or local real estate portfolio expansion

What's Special

This multifamily apartment building at 115 Allen Drive in North Wildwood is currently available for sale, presenting a functional acquisition for real estate investors focused on the coastal New Jersey market. The property consists of two distinct units, providing a manageable configuration for those seeking to expand a residential rental portfolio. Situated in a popular Jersey Shore destination, the asset benefits from the sustained seasonal and year-round demand characteristic of North Wildwood, a community known for its tourism-driven economy and accessible beachside lifestyle. The site at 115 Allen Drive is well-positioned for an owner-operator looking to capitalize on rental income or a long-term holder interested in a compact residential asset. Investors should consider the potential for steady occupancy within this growing suburban coastal submarket, which continues to attract both vacationers and permanent residents who prioritize proximity to the Atlantic coast and local regional infrastructure.

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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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