113-115 E Andrews Avenue

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113-115 E Andrews Avenue

Wildwood, 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).

  • Residential apartment building located in Wildwood, New Jersey.
  • Property consists of 6 total individual rental units.
  • Asset is situated at 113-115 E Andrews Avenue address.
  • Market benefits from sustained demand in coastal tourism sector.
  • Investment opportunity within the Cape May County region.

What's Special

This 6-unit apartment building at 113-115 E Andrews Avenue provides a residential investment prospect in the coastal city of Wildwood, New Jersey. The property sits within a well-established beach community known for its seasonal tourism economy and dense summer population, making it a viable holding for those seeking long-term income potential or vacation rental interest within this Atlantic shore market. Investors looking for multi-family assets will find this location offers proximity to regional attractions and major transit corridors serving the Cape May County area. The layout of the 6 units facilitates straightforward property management for an entry-level portfolio or an expansion of an existing regional footprint. Future owners can leverage the demand for housing in this popular destination, which draws visitors and workers throughout the primary summer months and maintains a consistent local resident base year-round.

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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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