442 W Pine Avenue

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442 W Pine 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 located in Wildwood, New Jersey.
  • Property contains two distinct residential rental units.
  • Positioned on West Pine Avenue in an established coastal market.
  • Suitable for investors seeking small-scale residential rental holdings.
  • Subject property is currently available for purchase.

What's Special

This multifamily apartment building at 442 W Pine Avenue consists of two units. Situated in Wildwood, New Jersey, the property benefits from its position within a well-known coastal destination that experiences significant seasonal activity and tourist traffic. The local market maintains a consistent demand for residential rental housing, making this an accessible entry point for investors targeting the shore region. The two-unit configuration offers flexibility for landlords seeking to manage a smaller residential asset. Its location provides proximity to the regional amenities and lifestyle benefits characteristic of the Wildwood area, which serves as a center for recreation and summer commerce. Prospective buyers may find this asset suitable for long-term rental income strategies or as a potential seasonal housing investment in a established suburban market along the Atlantic coast.

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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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