121 E Bennett Avenue

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121 E Bennett 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).

  • Multifamily residential building containing four separate apartment units
  • Located at 121 E Bennett Avenue in Wildwood, New Jersey
  • Asset sits within the active coastal Cape May County region
  • Property offers a manageable scale for residential real estate portfolios
  • Opportunity for investors to acquire stable apartment rental inventory

What's Special

This multifamily apartment building for sale serves as a viable acquisition for investors seeking to expand their residential holdings in the Wildwood market. The asset comprises four individual units, positioned to capitalize on the coastal region's consistent demand for rental housing. Wildwood remains a central hub within the Jersey Shore, characterized by a seasonal influx of visitors and a steady year-round population that requires diverse living arrangements. The location at 121 E Bennett Avenue benefits from the accessible geography of Cape May County, connecting residents to local commerce and leisure destinations throughout the municipality. Institutional and private buyers often prioritize this asset class for its potential to provide a stable income stream in a supply-constrained environment. Given the structure and unit density, the property is well-suited for a portfolio looking to balance manageable oversight with residential cash flow. Prospective buyers can leverage the existing footprint to address the ongoing need for housing in this high-demand suburban enclave.

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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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