244 E Montgomery Avenue

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244 E Montgomery 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 244 E Montgomery Avenue.
  • Property features a total of 4 individual residential units.
  • Situated within the coastal community of Wildwood, New Jersey.
  • Well-suited for residential investment or short-term rental strategies.
  • Located in an established market in Cape May County.

What's Special

Investors seeking to expand their portfolio in a coastal destination will find this 4-unit apartment building at 244 E Montgomery Avenue a practical addition. Located in Wildwood, New Jersey, the property benefits from its positioning in a well-known shore community that experiences significant seasonal activity. This multifamily asset provides a straightforward configuration suitable for long-term rental income or potential short-term leasing strategies common to the Cape May County region. The site allows for efficient management of multiple residential units within a single structure. Proximity to local transit routes and the accessible layout of the building support steady occupancy in this vibrant barrier island market. Demand for residential housing in Wildwood remains consistent, supported by the area's reputation as a primary vacation spot and a secondary residential hub for the broader South Jersey region. This building serves as a functional vehicle for entering or consolidating assets in a stable, established seaside 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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