213 E Leaming Avenue

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213 E Leaming 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.
  • The property features a total of five individual units.
  • The asset is positioned within a established coastal residential submarket.
  • The location offers accessibility to local shore area amenities.
  • This building functions as a multi-unit residential investment asset.

What's Special

Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal visitors and a consistent local population to its vibrant barrier island environment. This multifamily apartment building positioned at 213 E Leaming Avenue integrates into the residential fabric of this shore community, benefiting from proximity to regional transit routes and local commerce. The property encompasses 5 units, providing a stabilized residential asset for investors seeking a presence in a high-demand vacation market. Apartment buildings of this scale in the Wildwood submarket are frequently utilized for year-round residential leasing or as flexible inventory for seasonal housing needs. The site maintains a strategic position within the city, allowing residents convenient access to the shoreline and essential services. Ownership of this multifamily structure provides a tangible opportunity to manage a multi-unit investment within a well-established coastal corridor of the South Jersey region.

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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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