135 E Davis Avenue

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135 E Davis 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).

  • Five-unit multifamily property located in Wildwood, New Jersey
  • Asset sits at 135 E Davis Avenue within Cape May County
  • Investment property positioned for residential rental income generation
  • Regional economy driven by coastal tourism and year-round residency
  • Strategic location offers access to local amenities and beach areas

What's Special

This 5-unit multifamily apartment building stands at 135 E Davis Avenue in Wildwood, New Jersey. The property provides a residential investment opportunity within a coastal submarket known for its seasonal activity and proximity to regional shore attractions. Wildwood maintains a steady flow of residents and vacationers, supported by the area’s tourism-based economy and accessible transportation routes along the Jersey Shore. Multi-family assets in this coastal region often appeal to investors seeking rental income stability or portfolio diversification. Given the unit configuration, the property is suitable for long-term residential leasing or conversion strategies tailored to local housing demand. Potential owners can leverage the building's placement within this established borough to capture value from both year-round tenants and summer housing requirements. Its centralized location offers residents connectivity to local services and nearby beachfront access, making it a viable addition for those focused on the Cape May County residential 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

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