718 W Pine Avenue

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718 W Pine Avenue

West Wildwood, NJ 08260
Asking Price
$750K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 718 W Pine Avenue
  • Asset consists of two separate residential rental units
  • Offered for sale at a price of $750,000
  • Property is situated within the coastal West Wildwood market
  • Suitable for an investor focused on small-scale residential holdings

What's Special

Investors seeking to expand their residential holdings in West Wildwood will find this two-unit apartment building at 718 W Pine Avenue a functional addition to a portfolio. The property serves as a stable asset within the local rental market, providing opportunities for long-term lease structures or vacation rentals given the coastal appeal of the region. New Jersey's shore communities continue to draw steady interest due to their consistent appeal as seasonal destinations and reliable housing stock for year-round residents. Positioned within the Cape May County area, this multifamily asset benefits from the sustained demand for housing near the Atlantic coast. The property represents a straightforward acquisition for those focusing on manageable, low-density residential holdings. Buyers can leverage the existing footprint to establish a presence in this established suburban market, which maintains connectivity to broader regional employment centers and tourist-driven economies through accessible transportation corridors.

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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.591
Annual Cash Flow
$35,472.911

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