222 W Pine Avenue

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222 W Pine 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 located at 222 W Pine Avenue
  • The property consists of 2 individual residential units
  • Situated within the coastal city of Wildwood, New Jersey
  • The asset is positioned in the 08260 zip code area
  • Suitable for residential rental or local housing purposes

What's Special

This multifamily apartment building contains 2 units and is situated at 222 W Pine Avenue in Wildwood, New Jersey. The property occupies a location within the coastal environment of the 08260 zip code, a region known for its seasonal tourism and stable local population base. Such an asset provides utility for investors seeking small-scale residential holdings in a classic shore community. Residential real estate in this part of the state remains a functional choice for those looking to manage rental housing near the Atlantic coastline. The structure is well-positioned for straightforward management, appealing to investors focused on smaller multifamily footprints. Potential uses for this asset include long-term rental housing or seasonal workforce accommodation, aligning with the broader demand for living space in the Wildwood market area.

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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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