120 E Schellenger Avenue

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120 E Schellenger 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 asset features a total of 13 individual apartment units
  • This multifamily property is located in Wildwood, New Jersey
  • The building is positioned at 120 E Schellenger Avenue
  • It presents a clear opportunity for residential rental investment
  • Wildwood serves as a primary hub in Cape May County

What's Special

This 13-unit apartment building stands at 120 E Schellenger Avenue in Wildwood, New Jersey. The property provides a residential investment opportunity within a coastal submarket known for its seasonal economic activity and steady population base. Given the structure and unit density, this asset is well-suited for an investor seeking to manage a compact multifamily portfolio in a popular resort community. Residents benefit from the site proximity to local thoroughfares and the distinct lifestyle offered by this Cape May County location. Future owners can leverage the demand for rental housing in this well-established shore town to maintain consistent occupancy levels. The scale of the property allows for efficient management while serving a consistent tenant demographic throughout the year. Its strategic positioning within Wildwood makes it a practical addition to a diversified real estate collection focused on reliable rental income generation.

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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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