116-118 E 26 Street

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116-118 E 26 Street

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).

  • Multifamily apartment building available for purchase in Wildwood.
  • Property consists of two individual residential rental units.
  • Located on East 26 Street in Cape May County.
  • Well positioned within the vibrant New Jersey shore market.
  • Suitable for investors managing small residential rental portfolios.

What's Special

Investors seeking to expand their residential portfolio in the coastal market of Wildwood, New Jersey, will find this multifamily apartment building a practical addition. The property is currently available for sale and comprises two distinct units. Situated at 116-118 E 26 Street, the asset sits within a popular summer destination known for its tourism-driven economy and steady seasonal rental demand. The building serves as an entry-level acquisition for those looking to manage a small-scale rental property near the Atlantic coastline. Wildwood remains a consistent draw for both visitors and residents, supported by its proximity to the boardwalk and regional transit corridors. A duplex structure like this provides flexibility for long-term lease agreements or seasonal housing arrangements common throughout the Cape May County region. The location offers stable access to local amenities and the beach, making it a functional choice for buyers focused on the multifamily residential sector in this growing suburban and coastal 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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