310 E Preston Avenue

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310 E Preston Avenue

Wildwood Crest, NJ 08260-3540
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
  • The property features two individual residential units
  • Asset is situated at 310 E Preston Avenue
  • Coastal market with consistent regional rental demand
  • Suitable for long-term or seasonal leasing strategies

What's Special

This two-unit multifamily apartment building is situated at 310 E Preston Avenue in Wildwood Crest, New Jersey. The property provides a residential investment option within the coastal landscape of Cape May County. Wildwood Crest is recognized for its proximity to Atlantic beaches and steady seasonal tourism, drawing a mix of vacationers and long-term residents to the region. The area serves as a popular destination along the Jersey Shore, benefiting from consistent demand for multi-family housing options. Investors may consider this asset for long-term rental income or potential seasonal leasing strategies given the regional market dynamics. The building occupies a functional footprint well-suited for a small-scale real estate portfolio expansion in a sought-after beach community. Its location within the 08260 zip code allows for convenient access to local infrastructure and the broader amenities of the Wildwood area.

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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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