115 E Denver Avenue

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115 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).

  • Multifamily apartment building available for sale in Wildwood Crest
  • The residential property consists of two individual rental units
  • Located at 115 E Denver Avenue in Cape May County
  • Asset provides income potential in a established coastal market
  • Well suited for investment portfolios focused on residential housing

What's Special

Investors seeking a stabilized asset in a coastal market will find this multifamily property a practical addition to their portfolio. Located at 115 E Denver Avenue in Wildwood Crest, New Jersey, this apartment building features 2 units positioned within a popular summer destination. The property sits in a region known for its strong seasonal tourism economy and consistent demand for vacation rentals and long-term residential housing. Its location in Wildwood Crest provides proximity to the regional shoreline and established local infrastructure. This asset functions well as an income-generating investment or a potential owner-occupier arrangement in a community that draws steady interest from both visitors and residents. The existing unit configuration supports diverse management strategies suited to the local housing market.

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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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