432 W Andrews Avenue

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432 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 residential asset located in Wildwood, New Jersey.
  • Property building design includes a total of two units.
  • Situated at 432 W Andrews Avenue near local shoreline amenities.
  • Located within the established Cape May County tourism submarket.
  • Suitable for an investor focused on residential rental income.

What's Special

Wildwood serves as a prominent coastal community in New Jersey, drawing significant seasonal tourism and maintaining a steady year-round population base. This multifamily apartment building positioned at 432 W Andrews Avenue sits within the heart of this regional shore destination, providing proximity to local commerce and area beaches. The property is well-suited for investors seeking to capture residential demand within a high-traffic vacation market or those targeting workforce housing needs in the Cape May County area. The asset comprises two distinct units. Given the layout and zoning typical of this submarket, the building represents a functional addition to a local real estate portfolio, offering flexibility for both long-term rental income or potential seasonal leasing strategies. Prospective owners gain a foothold in a established maritime submarket characterized by consistent tenant demand and proximity to primary transportation corridors serving the broader Jersey Shore.

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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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