121 E Pine Avenue

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121 E Pine 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 apartment building located at 121 E Pine Avenue
  • Asset consists of two distinct residential rental units
  • Located in the coastal community of Wildwood, New Jersey
  • Property is currently available for purchase by investors
  • Well-suited for addition to a regional multifamily portfolio

What's Special

Investors seeking to expand their residential holdings may consider this two-unit apartment building at 121 E Pine Avenue in Wildwood, New Jersey. This multifamily asset provides a straightforward configuration for those looking to manage a small-scale rental property in a well-established shore community. Its size makes it manageable for individual investors or those looking to add to an existing portfolio within the coastal region. Wildwood remains a consistent destination within the Cape May County area, supported by seasonal tourism and a permanent resident base. The property sits within the heart of the city, placing residents near local infrastructure and the regional amenities that drive demand for housing. Given the configuration, the site is suitable for long-term lease structures or flexible housing arrangements consistent with the local multifamily market landscape.

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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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