145 E Burk Avenue

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145 E Burk Avenue

Wildwood, 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 available for purchase in Wildwood.
  • Property consists of six individual residential rental units.
  • Located at 145 E Burk Avenue in the 08260 zip code.
  • Situated within the popular Cape May County coastal market.
  • Ideal asset for investors focused on small-scale residential holdings.

What's Special

This multifamily property at 145 E Burk Avenue in Wildwood, New Jersey, is currently for sale and suits investors seeking to grow their residential portfolio in a coastal market. Comprising six units, this apartment building provides a stabilized asset profile in a town known for its seasonal tourism and steady regional population base. The building represents a functional addition for those focused on rental income performance within the Cape May County area. Its location in Wildwood places it within a popular shore destination that experiences consistent demand during the summer months and stable occupancy throughout the year. Prospective buyers will find that this six-unit residential building offers a clear configuration for property management and rental operations. Given the layout and unit count, the asset is suitable for investors looking to hold a multi-family property in a well-established beach town. The proximity to local amenities and the coastline remains a primary driver for tenant interest in this area, supporting long-term residential leasing strategies for the next owner.

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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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