406 E Miami Ave

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406 E Miami Ave

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 consists of two separate residential rental units
  • Located at 406 E Miami Avenue with regional coastal access
  • Property situated within a popular Cape May County tourism market
  • Functional residential investment asset for long-term or seasonal leasing

What's Special

Wildwood Crest is a prominent coastal borough in Cape May County, known for its focus on tourism and residential stability along the Jersey Shore. This multifamily apartment building sits at 406 E Miami Ave, positioning it within a high-traffic regional vacation destination. The property features two distinct units, providing a straightforward investment vehicle for those seeking a manageable residential asset in a popular seaside environment. Given the coastal location, this site serves as a functional choice for long-term rentals or seasonal housing strategies catering to the influx of visitors during the summer months. The regional economy relies heavily on hospitality and local commerce, supporting consistent demand for well-located living spaces near the Atlantic shoreline. Investors looking for a multi-unit acquisition in a recognizable New Jersey market will find this property aligns with established rental demand patterns in the immediate 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

Location & Travel Times