307 E Topeka Avenue

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307 E Topeka 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).

  • The multifamily property contains a total of three individual units.
  • Located at 307 E Topeka Avenue in Wildwood Crest, New Jersey.
  • Positioned within the desirable Cape May County shore market region.
  • Suitable for investors looking to expand their residential rental portfolio.
  • This asset type remains consistently viable in this coastal area.

What's Special

This multifamily property at 307 E Topeka Avenue features three apartment units in the coastal community of Wildwood Crest, New Jersey. Situated in a popular shore destination, this asset provides investors an opportunity to acquire residential rental inventory within a stable regional market known for seasonal tourism and year-round residential living. The property serves as a functional addition to a local portfolio, catering to the ongoing demand for housing in this Cape May County municipality. Apartment buildings in this submarket often appeal to long-term renters or those seeking proximity to the Atlantic coastline. The structure offers a straightforward layout suitable for professional management or value-add strategies. Investors focused on the South Jersey real estate landscape will find this site well-positioned within an established neighborhood, providing reliable access to local thoroughfares and area amenities that define the lifestyle of this beach community.

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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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