134 E Schellenger Avenue

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134 E Schellenger 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).

  • The property features 28 individual residential units.
  • This multifamily asset is located in Wildwood, New Jersey.
  • The building is situated on E Schellenger Avenue.
  • Investors can leverage this asset for residential rental operations.
  • Wildwood is a prominent coastal market in South Jersey.

What's Special

This 28-unit apartment building stands on E Schellenger Avenue in Wildwood, New Jersey. The property provides a residential investment opportunity within a coastal market known for its seasonal economic activity and established tourism industry. Multifamily assets in this region serve both year-round residents and a shifting demographic of seasonal workforce members and visitors. The scale of this complex allows for significant management oversight and potential for rental income stabilization within the Cape May County submarket. Wildwood maintains a distinct identity within the South Jersey shore region, supported by regional transit links and proximity to the Atlantic coast. Investors looking for multifamily holdings in suburban or resort-adjacent areas will find this asset type provides a functional footprint for modern rental operations. The building configuration accommodates multiple tenants, making it a suitable acquisition for those seeking to expand a regional portfolio or diversify into shore-based residential real estate.

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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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