121 E Lincoln Avenue

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121 E Lincoln 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).

  • Located at 121 E Lincoln Avenue in Wildwood, New Jersey.
  • This multifamily property contains two individual apartment units.
  • The building is situated within the active 08260 zip code area.
  • Asset type is classified as a residential apartment building.
  • Positioned in a coastal market with year-round and seasonal demand.

What's Special

Wildwood serves as a prominent destination within the Cape May County coastal region, drawing consistent seasonal interest and maintaining a residential base throughout the year. The property at 121 E Lincoln Avenue sits within this established market, providing a functional footprint for local housing needs. As an apartment building, this asset consists of 2 units designed for multi-family occupancy. Investors and operators often find these smaller scale buildings in coastal submarkets to be viable options for rental portfolios or potential conversion projects. Given the layout and location in the 08260 zip code, the building is positioned to support tenants seeking access to the local amenities and the broader regional economy of the Jersey Shore. This multifamily site represents a straightforward addition to an investment strategy focused on residential growth in a well-trafficked beach town environment.

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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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