118 E Taylor

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118 E Taylor

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 located in Wildwood, New Jersey
  • Asset features a total of eight residential units
  • Situated within the popular Cape May County coastal region
  • Property represents a viable income-generating investment for landlords
  • Site offers potential for diverse long-term rental strategies

What's Special

This multifamily apartment building contains eight individual units and is positioned in the coastal city of Wildwood, New Jersey. The property provides a residential investment opportunity within a well-known shore community that experiences significant seasonal population growth and steady year-round interest. Its location in this established municipality positions the asset to serve the local workforce or visitors seeking long-term rentals in the Cape May County area. Investors may find potential in this building due to the consistent demand for rental housing across the region. Given the density of the surrounding neighborhood and the proximity to local commercial corridors, the property is suitable for holding as a stabilized income-producing asset. The layout of the units allows for versatile management strategies, catering to the specific needs of the Wildwood housing 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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