124 E Bennett Avenue

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124 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 apartment building located in Wildwood, New Jersey
  • Property consists of two distinct residential rental units
  • Investment asset situated at 124 E Bennett Avenue
  • Located in an active coastal market with tourism appeal
  • Well-positioned for long-term hold or rental strategy

What's Special

This two-unit multifamily apartment building is situated at 124 E Bennett Avenue in Wildwood, New Jersey. The property provides a residential investment option within a well-established coastal municipality known for its seasonal tourism economy and accessible beach access. The site sits in a dense submarket that supports a mix of year-round residents and a significant influx of visitors during the summer months. Investors may find this asset suitable for various configurations including long-term rentals or strategic holding within a vacation-driven market. The layout facilitates simple property management for those looking to expand a portfolio in this specific regional corridor. Proximity to major local thoroughfares ensures connectivity to the broader Cape May County area, benefiting from the consistent demand for rental housing across the region.

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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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