222 E Burk Avenue

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222 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 apartment building located at 222 E Burk Avenue
  • Asset features a total of five individual units
  • Located within the coastal municipality of Wildwood, New Jersey
  • Property supports a residential rental investment strategy
  • Regional economy benefits from significant annual tourism activity

What's Special

Investors seeking to expand their portfolio in the coastal market of Wildwood, New Jersey, may find this 5-unit multifamily apartment building a practical addition. The asset is situated at 222 E Burk Avenue, positioning residents near the primary local attractions and the regional tourism-driven economy that defines this stretch of the Jersey Shore. This property represents a functional opportunity for those focused on small-scale residential holdings in a popular seasonal destination. The layout provides potential for consistent rental income within a submarket known for its high demand during the summer months. Given the unit count, this building is well-suited for an investor looking for a manageable asset that fits within a standard residential acquisition strategy. Proximity to local thoroughfares facilitates access for both long-term tenants and seasonal occupants exploring the 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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