148 E Montgomery Avenue

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148 E Montgomery 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).

  • Multifamily apartment building available for sale in Wildwood
  • Property consists of two distinct residential units
  • Located at 148 E Montgomery Avenue in New Jersey
  • Positioned within a busy coastal residential and vacation market
  • Suitable for long-term rentals or seasonal hospitality use

What's Special

Investors seeking an income-generating multifamily asset in a coastal market should consider this two-unit apartment building located at 148 E Montgomery Avenue in Wildwood, New Jersey. Situated in the heart of a popular vacation destination, this property provides a viable addition to a residential portfolio or a potential vacation rental business. The Wildwood region maintains a steady influx of seasonal residents and tourists, supported by its proximity to the Atlantic shoreline and local entertainment districts. This apartment building presents a functional scale for efficient management, appealing to both experienced investors and those entering the multifamily market. The structure is well-positioned to benefit from the area's economic activity during the active summer months. Whether utilized for long-term residential leasing or short-term vacation stays, the asset offers clear utility in a high-demand submarket. Prospective buyers can leverage the location within a established seaside community to drive consistent demand throughout the year.

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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

Location & Travel Times