302 E Miami Avenue

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302 E Miami Avenue

Wildwood Crest, 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 at 302 E Miami Avenue.
  • Property features a two-unit residential layout for versatile use.
  • Situated within the coastal community of Wildwood Crest, New Jersey.
  • Asset type suitable for long-term or seasonal rental strategies.
  • Located in Cape May County with proximity to coastal attractions.

What's Special

This two-unit multifamily property sits at 302 E Miami Avenue in Wildwood Crest, New Jersey. The building serves as a residential asset in a coastal community known for its steady tourism and seasonal rental demand along the Atlantic shoreline. Its configuration offers flexibility for investors looking to hold long-term rentals or manage a vacation housing strategy in this popular Cape May County market. Positioned within reach of major regional routes, the property benefits from the accessibility of the Wildwoods. The layout and sizing of the units provide utility for residential occupancy or potential conversion to seasonal accommodations. Investors may consider the asset for its potential to provide consistent cash flow in a high-demand submarket characterized by year-round residents and a significant influx of summer visitors.

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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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