145 E Hand Avenue

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145 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).

  • Four-unit apartment building located in Wildwood, New Jersey
  • Asset provides residential investment potential in Cape May County
  • Property situated at 145 E Hand Avenue, ZIP 08260
  • Coastal market supports consistent demand for residential rental units
  • Multifamily asset optimized for stable long-term housing occupancy

What's Special

Investors seeking to expand their residential holdings will find this four-unit multifamily apartment building at 145 E Hand Avenue in Wildwood, New Jersey, a practical acquisition for a local rental portfolio. Situated in a coastal market characterized by seasonal and year-round demand, this property provides a steady housing option for residents in the Cape May County area. The asset structure allows for efficient management, appealing to those focused on stable income streams within a well-established community. Wildwood remains a consistent destination for residents and visitors alike, benefiting from a regional economy that balances tourism with a permanent local population. Proximity to major coastal routes facilitates access throughout the region, supporting the building's utility for long-term tenancy. Given the configuration, the site serves as a straightforward addition to an existing residential investment strategy, offering a focused approach to property ownership in a high-demand shoreline environment.

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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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