138 E Hand Avenue

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138 E Hand 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).

  • Three-unit multifamily apartment building available for purchase
  • Located on E Hand Avenue in Wildwood New Jersey
  • Suitable for long term rental or investment strategies
  • Asset sits within an established coastal residential neighborhood
  • Regional demand driven by local and seasonal residency

What's Special

This multifamily apartment building at 138 E Hand Avenue consists of three residential units. Situated in Wildwood, New Jersey, the property benefits from the steady demand associated with this coastal community, which remains a consistent destination for both seasonal and year-round residents. The layout of this asset provides a straightforward investment option for those seeking a small-scale multi-family holding in a established residential neighborhood. The regional economy in this part of the Jersey Shore is driven by tourism and a permanent local population, supporting consistent rental demand. This property is well-positioned for an investor interested in managing a low-density residential asset. Given the configuration, the site is suitable for continued use as individual apartment rentals or potential repositioning within the local housing 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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