148 W Hildreth Avenue

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148 W Hildreth 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).

  • Two-unit multifamily property located in Wildwood, New Jersey
  • Asset is currently available for purchase
  • Situated within a established coastal market environment
  • Property functions as a residential apartment building
  • Suitable for long-term or seasonal rental investment strategies

What's Special

This two-unit multifamily apartment building is situated at 148 W Hildreth Avenue in Wildwood, New Jersey. The property provides a residential investment option within a well-known coastal community that experiences significant seasonal population growth. The local market benefits from its proximity to established tourist attractions and beach access, which historically sustains demand for rental housing among both year-round residents and seasonal visitors. Investors may find this asset suitable for various management strategies, including long-term leasing or potential adaptation to meet shifting regional housing needs. The location offers accessibility to the surrounding municipal infrastructure and the broader Cape May County economic landscape. This building serves as a functional addition to a portfolio focused on smaller-scale residential income properties in established shore markets.

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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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