223 W Wildwood Avenue

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223 W Wildwood 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 residential building located at 223 W Wildwood Avenue.
  • Property consists of two distinct residential rental units.
  • Asset is situated within the coastal municipality of Wildwood.
  • Investment represents a manageable entry-level multifamily rental opportunity.
  • Strategic location supports both annual and seasonal leasing strategies.

What's Special

The two-unit apartment building at 223 W Wildwood Avenue presents a multifamily investment opportunity in Wildwood, New Jersey. Situated in a coastal market known for its seasonal population fluctuations and tourism-driven economy, this property is well-positioned for investors seeking a small-scale residential holding. The asset provides a straightforward configuration that supports various management strategies, ranging from long-term housing for the local workforce to flexible seasonal rentals common in Cape May County. Its location near the coastline allows residents convenient access to the regional infrastructure and the broader beach community amenities that characterize this submarket. Prospective buyers will find this building suitable for portfolio expansion or as an entry point into the residential rental sector. With its manageable footprint, the property offers a practical approach to acquiring income-producing real estate in a recognizable Jersey Shore municipality.

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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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