115 W Pine Avenue

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115 W Pine 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).

  • The multifamily asset is located at 115 W Pine Avenue in Wildwood.
  • This apartment building comprises two individual residential units.
  • Wildwood features a robust tourism-driven economy in Cape May County.
  • The property location provides proximity to local commercial and transit corridors.
  • The site represents a manageable opportunity for residential real estate investment.

What's Special

Wildwood serves as a prominent destination within the southern New Jersey coastal region, known for its active tourism economy and seasonal population growth. This apartment building sits at 115 W Pine Avenue, positioning residents near the primary commercial corridors and regional transit routes that support the municipality. The local submarket maintains a consistent demand for multi-family housing, driven by both permanent residents and the broader hospitality-based workforce that populates the Cape May County area. This asset consists of 2 units, presenting a straightforward investment prospect for those seeking to build a residential portfolio in a coastal market. Given the site configuration and location, the property is suited for rental income generation through long-term leases or strategic seasonal housing arrangements. Investors looking for a manageable multifamily holding will find this building aligns with the standard rental profile of the Wildwood area.

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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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