309 E Topeka Avenue

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309 E Topeka Avenue

Wildwood Crest, NJ 08260-9999
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 available for purchase in Wildwood Crest
  • Total building footprint includes three individual residential units
  • Asset located at 309 E Topeka Avenue in New Jersey
  • Coastal market with consistent appeal for seasonal and year-round housing
  • Well-positioned property for residential investors seeking smaller unit counts

What's Special

This multifamily apartment building for sale in Wildwood Crest, New Jersey, presents a functional addition for an investor focused on residential real estate. Situated at 309 E Topeka Avenue, the property is located in a coastal community that experiences significant seasonal demand and maintains a steady year-round population. This market benefits from its proximity to regional tourism corridors and local commerce hubs within the Cape May County area. The building consists of three units, making it a manageable asset for a portfolio seeking residential income streams. Its design and scale are well-suited for owners looking to oversee smaller rental operations or manage a compact investment. Given the nature of Wildwood Crest as a residential and vacation destination, the site serves as an practical choice for those targeting long-term or seasonal tenancy in a recognizable Jersey Shore submarket.

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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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