123 W Hollywood Avenue

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123 W Hollywood 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 purchase in Wildwood Crest
  • Asset features a total of two residential units
  • Located on West Hollywood Avenue in Cape May County
  • Well-suited for individual investors or small rental portfolio additions
  • Maintains presence in a consistent coastal residential market

What's Special

This multifamily apartment building at 123 W Hollywood Avenue in Wildwood Crest, New Jersey, is currently available for sale. The property consists of two distinct residential units, presenting a straightforward acquisition for investors focused on small-scale residential holdings. Wildwood Crest is a established coastal community that maintains a consistent demand for housing throughout the year, supported by its proximity to popular shore attractions and the surrounding Cape May County economy. The manageable unit count simplifies property management for individual owners or those seeking to expand a local rental portfolio. Given the layout, the asset is well-suited for a buy-and-hold strategy, owner-occupancy with rental income, or long-term investment in a stable beach-area market. The building sits in a quiet section of the borough, offering residents easy access to municipal amenities and regional transit routes.

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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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