210 W Burk Avenue

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210 W 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.
  • Property address is situated at 210 W Burk Avenue.
  • The residential asset features a total of two units.
  • Wildwood remains a popular shore destination in Cape May County.
  • Asset offers potential for long-term or seasonal rental strategies.

What's Special

Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal visitors and year-round residents to its accessible beachfront community. This multifamily apartment building is situated at 210 W Burk Avenue, placing it within the heart of this vibrant shore town. The property comprises two units, providing a manageable configuration for investors seeking a foothold in the local real estate market. Given the steady demand for rental housing in this well-known recreational region, the asset is suitable for either long-term rental income or potential seasonal leasing strategies. The surrounding area features established residential neighborhoods and easy access to local amenities and the coastline, reflecting the typical density of the Cape May County shore market. Prospective owners may utilize this site for residential investment purposes or as part of a larger property portfolio within the 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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