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 available for purchase in Wildwood.
  • The site consists of two distinct residential rental units.
  • Property is situated at 124 E Bennett Avenue.
  • Located within an established New Jersey coastal submarket.
  • Well-suited for investors targeting regional residential housing assets.

What's Special

Wildwood serves as a prominent coastal destination in New Jersey, drawing consistent seasonal traffic and maintaining a steady residential population base. This multifamily apartment building, situated at 124 E Bennett Avenue, provides a functional residential asset within this established shore community. The property features a total of two units, making it a manageable investment for those looking to maintain a foothold in the local rental market. Given the ongoing demand for housing in this regional hub, such an asset is well-positioned to serve long-term tenants or seasonal visitors attracted to the area's maritime atmosphere and community services. Investors will find the property's size and configuration suitable for a straightforward addition to a regional real estate portfolio. Its location within Wildwood places it near local infrastructure and the broader transit network that supports the southern New Jersey coastline. This site offers potential for steady operational income in a market known for its recurring tourism and year-round economic activity.

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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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