152 E Davis Avenue

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152 E Davis 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 multifamily residential property available for purchase
  • Located at 152 E Davis Avenue in Wildwood, New Jersey
  • Suitable asset for regional investors seeking rental income
  • Situated within a popular coastal destination in Cape May County

What's Special

This multifamily apartment building at 152 E Davis Avenue in Wildwood, New Jersey, is currently available for sale. The property features four individual units, making it a viable acquisition for investors seeking to expand their residential holdings in a coastal market. Wildwood serves as a popular destination within the Cape May County region, characterized by a seasonal economy and steady demand for rental housing options near the shoreline. Prospective buyers will find the four-unit configuration suitable for a range of investment strategies, including long-term rentals or potential seasonal accommodations for visitors. The asset benefits from its placement within a established residential neighborhood, providing proximity to local commerce and municipal services. This offering represents a straightforward opportunity to acquire income-producing real estate in a well-trafficked community known for its tourism and maritime heritage.

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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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