208 E Maple Avenue

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208 E Maple Avenue

Wildwood, NJ 08260
Asking Price
$900K
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 at 208 E Maple Avenue
  • The subject property consists of four distinct residential units
  • Asking price for this asset is set at 899700 dollars
  • Located in the city of Wildwood within Cape May County
  • Asset is situated at the coordinates 38.9912 and -74.8115

What's Special

Investors seeking a stabilized multifamily asset in a coastal market may consider this four-unit apartment building located at 208 E Maple Avenue in Wildwood, New Jersey. This property provides a clear entry point into a region known for its seasonal tourism and steady rental demand, making it a functional addition to a residential investment portfolio. The configuration of four units offers operational efficiency for landlords managing smaller apartment complexes in established shoreline communities. Wildwood maintains a distinct position within the Cape May County market, benefiting from proximity to regional transit corridors and the economic activity associated with coastal tourism. The asset is positioned to serve long-term residents or seasonal occupants who require access to the surrounding amenities of the Jersey Shore. Prospective buyers can leverage the existing footprint for immediate income generation while evaluating the potential of the site within this dense, walkable submarket.

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NOI
$80,000
Cap Rate
8.89%
DSCR
1.50
Strong
Cash-on-Cash
9.85%
Monthly Payment
$4,451.225
Annual Cash Flow
$26,585.304

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