333 W Andrews Avenue

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333 W 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 available for sale in Wildwood
  • Property features two separate residential rental units
  • Situated at 333 W Andrews Avenue in New Jersey
  • Asset located within the active Cape May County market
  • Suitable investment for residential rental or seasonal housing

What's Special

The two-unit multifamily apartment building located at 333 W Andrews Avenue in Wildwood, New Jersey, presents a clear opportunity for investors in a coastal market. Wildwood functions as a prominent seasonal destination within Cape May County, drawing significant tourism and contributing to the local economy through its hospitality and retail sectors. The structure provides a manageable scale for buyers seeking a straightforward residential investment. This asset type serves as a functional choice for rental housing, whether targeting long-term residents or those seeking seasonal occupancy in the region. The property’s position within the city offers proximity to established local infrastructure and the broader amenities of the New Jersey shoreline. Owners can utilize this property for diverse investment strategies ranging from income-producing rentals to potential residential conversion, depending on individual portfolio objectives.

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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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