117 E Andrews Avenue

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117 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).

  • Five-unit multifamily property available for sale in Wildwood
  • Located on East Andrews Avenue within Cape May County
  • Asset provides residential rental capacity in a coastal market
  • Suitable for investors targeting stabilized apartment building assets
  • Positioned within an established New Jersey shore community

What's Special

Wildwood serves as a prominent coastal community in New Jersey, drawing seasonal tourism and a steady year-round population. Situated on Andrews Avenue, this five-unit apartment building provides a residential investment option within this established shore market. The property allows for potential income generation through local rental demand, which remains consistent due to the area's ongoing appeal to both seasonal workers and permanent residents. Investors seeking a manageable multifamily asset in a coastal setting will find this building positioned in a location that benefits from proximity to the regional shoreline economy. The scale of the property is suited for straightforward management, offering a defined footprint for those looking to expand a residential portfolio in the Cape May County area. Its presence in Wildwood aligns with the broader residential needs of a coastal town that balances leisure and daily living requirements. This multifamily site represents a tangible entry point into a local housing market characterized by steady demand and limited land availability near the Atlantic coast.

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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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