218 E Taylor Avenue

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218 E Taylor 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 contains three distinct rental units.
  • Well-positioned to capture both seasonal and year-round tenant demand.
  • Located within the established residential market of Cape May County.
  • Provides a functional addition to a diversified investment portfolio.

What's Special

Investors seeking to expand their residential portfolios will find a functional acquisition at 218 E Taylor Avenue in Wildwood, New Jersey. This apartment building features three units, providing a stabilized income potential within a well-known coastal community. The property is positioned to serve the year-round housing needs of local residents or to capitalize on the robust seasonal tourism economy that characterizes this Cape May County municipality. Wildwood benefits from a steady influx of visitors during summer months and a consistent base of full-time households supported by regional employment sectors. The layout of this asset allows for straightforward management while maintaining its utility within the local multifamily landscape. Future owners may consider this site for long-term residential leasing or as a strategic addition to a growing investment footprint in the Southern New Jersey market. Its location within the city provides connectivity to local amenities and the broader regional transportation network that sustains the area throughout the year.

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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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