238 E Andrews Avenue

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238 E Andrews 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 in Wildwood, New Jersey
  • Total inventory consists of two separate residential units
  • Property situated at 238 East Andrews Avenue
  • Asset type provides versatile options for residential rental income
  • Located within a prominent Cape May County coastal market

What's Special

This multifamily apartment building contains two units and is positioned in Wildwood, New Jersey. The property provides a residential investment option within a well-known coastal community in the Cape May County area. Its layout supports various housing configurations, making it a functional choice for investors seeking a small-scale addition to a regional rental portfolio. The asset is situated along East Andrews Avenue, benefiting from the steady demand characteristic of the local housing market. Wildwood remains a central hub in the regional economy, attracting seasonal and year-round interest from residents and visitors alike. Ownership of a two-unit property in this submarket offers potential for steady rental income or value-add improvements to attract long-term tenants. Given its location near local amenities and regional transportation routes, the building serves as a practical housing asset for investors targeting the New Jersey shore 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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