128 E Montgomery Avenue

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128 E Montgomery Avenue

Wildwood, NJ 08260-4615
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).

  • Four-unit apartment building located in Wildwood, New Jersey.
  • Property situated at 128 E Montgomery Avenue within the 08260 zip code.
  • Coastal market positioned to leverage regional tourism and seasonal demand.
  • Multifamily asset suitable for long-term or vacation rental management.
  • Compact residential building offering straightforward income-generating potential for investors.

What's Special

Wildwood serves as a prominent coastal destination in New Jersey, drawing consistent seasonal traffic to its boardwalk and surrounding shore communities. This multifamily apartment building, situated at 128 E Montgomery Avenue, occupies a position within this established vacation and residential market. The property consists of four residential units, providing a stabilized housing configuration for an investor seeking to maintain a foothold in the Cape May County real estate landscape. Given its location, the asset functions well as either long-term rental housing or as a property geared toward the regional demand for vacation accommodations. The structure provides a clear opportunity for an owner to manage a small-scale multi-unit asset in a high-demand coastal corridor. Its proximity to the beach and local infrastructure makes it a functional addition to a diverse investment portfolio focused on residential income generation in an active, tourist-oriented suburban market.

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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

Location & Travel Times