106 E Denver Avenue

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106 E Denver Avenue

Wildwood Crest, 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).

  • Two-unit apartment building located in Wildwood Crest, New Jersey
  • Asset is situated at the address 106 E Denver Avenue
  • Multifamily property type suitable for long-term or vacation rentals
  • Located within the established Cape May County coastal market
  • Coordinates placed at 38.9671 latitude and -74.8468 longitude

What's Special

Investors seeking an apartment building in a desirable coastal environment will find this two-unit property at 106 E Denver Avenue a practical addition to a real estate portfolio. Wildwood Crest is known for its seasonal tourism and stable residential appeal, making multi-family assets in this area suitable for long-term rentals or vacation-oriented occupancy. The layout provides straightforward management for owners interested in maintaining a presence in a popular South Jersey shore community. With two distinct units, the property offers flexibility for various rental strategies or owner-occupant scenarios. Positioned within the Cape May County region, the property benefits from the area's established demand for shore-based housing. This location remains a sought-after destination due to its proximity to beaches and regional infrastructure that supports consistent tourism during warmer months. Buyers can leverage the existing structure to capture market demand in a market characterized by limited land availability and high seasonal utility.

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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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