309 E TOPEKA Avenue

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309 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).

  • Multifamily apartment building located in Wildwood Crest, New Jersey
  • Property consists of three distinct residential units
  • Asset positioned within a established coastal New Jersey submarket
  • Investment vehicle suitable for residential rental income streams
  • Located at 309 East Topeka Avenue in the 08260 zip code

What's Special

This 3-unit multifamily apartment building sits on East Topeka Avenue in Wildwood Crest, New Jersey. The property provides a residential investment option within the coastal landscape of the Cape May County region, an area characterized by seasonal tourism and a steady year-round population. Its design and unit count cater to investors looking for manageable residential holdings in a popular shore community. Given the local market demographics, this building functions as a straightforward asset for long-term rental income or potential portfolio diversification. Proximity to local coastal infrastructure and regional transit routes supports the ongoing demand for housing in this specific submarket of the Jersey Shore. Residents benefit from the surrounding neighborhood character, which maintains a balance between recreational visitor activity and residential stability throughout the calendar year.

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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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