302 E Miami Avenue

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302 E Miami Avenue

Wildwood Crest, NJ 08260-3616
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 asset located at 302 E Miami Avenue in Wildwood Crest
  • Building configuration consists of two individual residential apartment units
  • Positioned within a prominent coastal market in Southern New Jersey
  • Asset presents potential for seasonal rental or long-term investment strategies
  • Situated in the 08260 zip code with access to regional amenities

What's Special

Investors seeking an entry-level multifamily asset in a coastal market may find this apartment building suitable for a long-term hold or a seasonal rental strategy. Located at 302 E Miami Avenue in Wildwood Crest, New Jersey, the property comprises two residential units. Wildwood Crest is a popular shore community that experiences significant seasonal activity and tourist traffic throughout the summer months, providing a consistent demand for housing in this submarket. This asset offers potential for those looking to expand a residential portfolio within a established barrier island environment. Given the layout and unit count, the property is well-positioned for an owner-operator or a passive investor targeting the coastal rental segment. Its placement in the 08260 zip code allows for convenient access to local attractions and regional transport corridors, serving both vacationers and year-round residents of the South Jersey shoreline.

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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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