217 E Davis Avenue

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217 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).

  • Located at 217 E Davis Avenue in Wildwood, New Jersey
  • Multifamily apartment building available for sale
  • Asset features a total of two individual units
  • Positioned within a busy coastal New Jersey market
  • Suitable for residential rental or seasonal housing use

What's Special

This two-unit multifamily apartment building is situated at 217 E Davis Avenue in Wildwood, New Jersey. The property provides a residential investment opportunity within a coastal submarket known for its seasonal rental activity and strong tourism economy. Wildwood serves as a prominent destination along the Jersey Shore, benefiting from high foot traffic and consistent demand for vacation accommodations throughout the warmer months. Investors may find this asset suitable for long-term rental hold strategies or as a potential seasonal hospitality operation. The layout supports efficient management for those looking to expand their portfolio in a established beach community. Its position within the Wildwood real estate market allows for proximity to local commercial corridors and leisure attractions, ensuring steady interest from prospective tenants seeking coastal proximity. This property represents a functional addition for buyers focusing on multi-family residential assets 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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