309-11 E Hildreth Avenue

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309-11 E Hildreth Avenue

Wildwood, NJ 08260-4431
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).

  • Six-unit multifamily residential apartment building for sale
  • Located at 309-11 E Hildreth Avenue in Wildwood, New Jersey
  • Suitable for long-term residential income property investment strategies
  • Property situated within the growing coastal Wildwood market
  • Efficient configuration allows for straightforward building management operations

What's Special

This six-unit multifamily apartment building located at 309-11 E Hildreth Avenue presents a stabilized residential investment in the coastal community of Wildwood, New Jersey. The property provides a reliable asset for portfolio diversification in a market driven by seasonal tourism and year-round residential demand. Its configuration as a multi-unit complex allows for efficient management and consistent rental revenue streams. Investors seeking a foothold in the Cape May County real estate market may find the property suitable for long-term hold strategies. Wildwood maintains a steady population base and consistent visitor traffic, supporting consistent demand for well-maintained apartment rentals throughout the year. The building provides functional living space for tenants while offering an accessible entry point for those targeting small to mid-sized residential income properties in this growing beachside region.

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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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