408 E 26th Street

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408 E 26th Street

Wildwood, NJ 08260-5224
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).

  • Located at 408 E 26th Street in Wildwood, New Jersey.
  • The asset functions as a two-unit multifamily apartment building.
  • Situated within the established residential market of Cape May County.
  • The property provides two distinct rental units for potential occupants.
  • Coastal location offers proximity to seasonal and year-round regional demand.

What's Special

Wildwood serves as a prominent coastal community within the South Jersey shore region, drawing consistent seasonal and year-round interest from residents and visitors alike. This multifamily apartment building sits at 408 E 26th Street, positioning occupants within reach of the local beachfront economy and the broader municipal infrastructure of Cape May County. The local market benefits from a steady demand for rental housing driven by both tourism and regional employment centers throughout the Jersey Shore. Comprising two units, this asset represents a functional addition to an investment portfolio in a well-established residential submarket. The scale of the property provides flexibility for owners managing a boutique rental operation or those seeking a foothold in a coastal investment environment. Investors frequently target these types of smaller multi-unit buildings to capitalize on stable rental demand common in popular seaside destinations, balancing operational oversight with the potential for long-term hold strategies in a constrained land 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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