151 E Burk Avenue

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151 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 located in Wildwood, New Jersey
  • Asset contains four individual rental units for investors
  • Property sits at the address 151 E Burk Avenue
  • Located within the established Cape May County coastal region
  • Suitable for long-term residential leasing and income generation

What's Special

Investors seeking a stabilized multifamily asset will find this four-unit apartment building at 151 E Burk Avenue a practical addition to a residential portfolio. Situated in Wildwood, New Jersey, the property benefits from a coastal market environment characterized by steady seasonal demand and a reliable year-round tenant base. The scale of this building allows for straightforward management while providing a consistent income stream in a well-established shore community. Wildwood remains a recognized destination within the Cape May County region, supported by local tourism and a diverse demographic of residents who choose the area for its accessible housing options. Given its configuration, the building is suited for long-term rental operations or potential repositioning strategies. Proximity to local infrastructure and the broader Wildwood corridor ensures connectivity to essential services, making the units attractive to a wide range of potential occupants looking for functional living arrangements in this growing coastal 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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