121 W Andrews Avenue

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121 W Andrews 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 available for purchase in Wildwood
  • Property includes three distinct residential rental units
  • Asset is situated at 121 W Andrews Avenue location
  • Ideal location for investors targeting coastal residential markets
  • Features a manageable scale for efficient property management

What's Special

This multifamily apartment building for sale in Wildwood, New Jersey, presents a functional acquisition for investors seeking residential rental assets. Located at 121 W Andrews Avenue, the property encompasses 3 units suitable for long-term lease structures or seasonal occupancy common in coastal markets. Wildwood benefits from consistent seasonal tourism and proximity to regional infrastructure, supporting demand for versatile rental housing. This asset is well-positioned for an owner-operator or a portfolio investor looking to capitalize on a established residential submarket. The building design aligns with standard multifamily use cases, offering a manageable scale for straightforward property management and tenant turnover. Its central location within the city allows for convenient access to local services and municipal amenities, ensuring continued utility for residents. Prospective buyers will find this an efficient addition to a diversified real estate collection focused on performance in regional shore communities.

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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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