143 E Youngs Avenue

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143 E Youngs 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 apartment building available for sale in Wildwood
  • Asset is situated at 143 E Youngs Avenue
  • Suitable for residential rental investment in Cape May County
  • Property supports diverse leasing strategies for local tenants
  • Located in a prominent New Jersey shore community

What's Special

Investors seeking to expand their residential holdings in Wildwood will find this three-unit apartment building at 143 E Youngs Avenue a practical addition to an existing portfolio. The property serves as a stable asset within this coastal New Jersey market, which experiences significant seasonal demand and a steady local population base. Apartment buildings of this scale provide flexible management options for owners looking to capitalize on the ongoing need for rental housing in the region. Positioned within reach of the shore, the site benefits from the established infrastructure of the Cape May County area. The layout accommodates residential leasing strategies, allowing for consistent occupancy rates common to this submarket. This asset represents a straightforward acquisition for those focusing on multi-family investments, providing a scalable entry point into a well-known leisure and residential destination.

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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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