228 E Hand Avenue

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228 E Hand 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).

  • The asset is a five-unit multifamily apartment building.
  • Property is situated at 228 E Hand Avenue, Wildwood.
  • Located within the active coastal market of New Jersey.
  • Suitable for residential rental income or long-term investment.
  • Positioned near regional tourist amenities and major area infrastructure.

What's Special

This multifamily apartment building contains 5 units and is located at 228 E Hand Avenue in Wildwood, New Jersey. Situated in a coastal market, the property benefits from the seasonal activity and long-term residential demand characteristic of this region. Multifamily assets in this area serve as stable investments for those looking to capture rental income from both permanent residents and summer seasonal workers or visitors. The site’s positioning allows for convenient access to the local amenities and the broader Cape May County economy, which is heavily supported by tourism and service-based industries. Investors may consider various strategies for this asset, including value-add renovations to modernize individual units or maintaining the current configuration as a hold for steady cash flow. The structure provides a functional layout suitable for a range of rental demographics within the Wildwood market.

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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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