232 E Youngs Avenue

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232 E Youngs 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 apartment building located in Wildwood
  • Asset is currently available for purchase in New Jersey
  • Property situated at 232 E Youngs Avenue in 08260
  • Provides investment exposure to the coastal Cape May market
  • Suitable for residential rental income or portfolio stabilization

What's Special

The four-unit apartment building at 232 E Youngs Avenue presents a multifamily investment in the coastal community of Wildwood, New Jersey. This asset provides a straightforward addition to a local portfolio, catering to the ongoing demand for residential rentals in the Cape May County region. Wildwood maintains a steady population base supported by the seasonal tourism economy and its proximity to broader regional employment centers. Its location within this beach town ensures consistent interest from tenants seeking long-term housing or seasonal living options. Investors may find utility in the property’s current configuration for potential value-add projects or stabilization strategies. Multifamily assets in this market often serve as stable income generators given the limited inventory of residential multi-family housing near the shoreline. Whether targeting workforce housing or vacation-oriented tenants, the property functions as a functional building block for investors seeking exposure to 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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