215 E Burk Avenue

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215 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 asset located at 215 E Burk Avenue in Wildwood, NJ.
  • The property features five individual apartment units for residential occupancy.
  • This apartment building is currently available for purchase by interested investors.
  • Wildwood offers a stable regional economy driven by coastal tourism.
  • Property is situated within the active residential market of Cape May County.

What's Special

This multifamily apartment building at 215 E Burk Avenue in Wildwood, New Jersey, is currently available for purchase by investors seeking to expand their residential portfolio. The property consists of five units, providing a multi-stream revenue model in a well-established coastal market. Wildwood remains a popular destination in the Cape May County region, attracting seasonal residents and year-round tenants alike due to its proximity to the Atlantic shoreline and local tourism economy. The building serves as a practical addition for those looking to manage a small-scale apartment complex within this specific shore community. Prospective buyers will find this asset suitable for long-term hold strategies or as a strategic entry point into the local housing market. Its size allows for efficient management while maintaining a consistent rental presence in a location supported by a steady demand for residential space.

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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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