314 E Louisville Avenue

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314 E Louisville 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
  • Asset features a two-unit residential configuration for investors
  • Property situated on E Louisville Avenue near coastal amenities
  • Suitable for long-term rental income or portfolio diversification
  • Located within the established Cape May County real estate market

What's Special

Wildwood Crest maintains its status as a desirable coastal destination within the Cape May County real estate market. This multifamily apartment building sits on E Louisville Avenue, benefiting from the steady seasonal demand and residential appeal typical of this barrier island community. The proximity to regional transit routes and local commerce supports consistent tenant interest in the area. This asset consists of two distinct units, providing a manageable configuration for investors seeking a foothold in the local housing sector. The property serves as a functional residential holding suitable for long-term rental income or potential portfolio diversification. Given the ongoing appeal of the Jersey Shore for both vacationers and year-round residents, this building represents a straightforward investment option within a established neighborhood setting.

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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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