321 E Montgomery Avenue

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321 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).

  • Six-unit apartment building located in Wildwood, New Jersey
  • Asset situated at 321 E Montgomery Avenue
  • Multifamily property type available for purchase
  • Located within the established Cape May County market
  • Manageable size for residential real estate portfolios

What's Special

This six-unit multifamily apartment building at 321 E Montgomery Avenue in Wildwood, New Jersey, provides a residential investment option within a established coastal market. Wildwood maintains a steady seasonal and year-round demographic, supported by its regional appeal and accessibility within Cape May County. The structure offers functional space suitable for traditional long-term rentals or potential adjustments based on local market demands. Investors looking for a modest, manageable asset in a shore town environment will find this property aligns with current multifamily inventory in the area. The size of the building allows for efficient management while capitalizing on the consistent demand for housing in this part of the state. Prospective owners can evaluate the current income streams and operational potential inherent in this specific asset type and location.

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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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