204 E Hollywood Avenue

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204 E 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 consists of two total residential units on-site
  • Located at 204 E Hollywood Avenue in Cape May County
  • Suitable for residential rental investment in a coastal market
  • Positioned within the active Wildwood Crest residential submarket

What's Special

This multifamily apartment building for sale at 204 E Hollywood Avenue in Wildwood Crest, New Jersey, presents a clear acquisition target for investors seeking small-scale residential holdings. Located in a popular coastal community, the property supports localized demand for seasonal or year-round rental housing in the southern New Jersey region. The structure consists of two distinct residential units, offering functional configurations for tenants in the local market. Wildwood Crest functions as a steady residential and vacation hub within Cape May County, characterized by its proximity to the Atlantic shoreline and access to regional transit routes. The building is well-positioned for an owner-operator or an investor focused on the coastal multifamily segment. Future occupants benefit from the submarket's established residential character and sustained appeal as a regional destination. This asset provides a straightforward path for those looking to expand a portfolio within an established shore town environment.

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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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