230 E Burk Avenue

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230 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 230 E Burk Avenue
  • Asset contains a total of nine individual rental units
  • Property situated in the coastal city of Wildwood New Jersey
  • Located within the 08260 zip code of Cape May County
  • Residential investment opportunity suitable for long term income generation

What's Special

This multifamily asset comprises nine apartment units positioned at 230 E Burk Avenue in Wildwood, New Jersey. The property serves as a residential investment within a coastal submarket known for its seasonal tourism and stable year-round community. Wildwood benefits from its position along the Jersey Shore, attracting both visitors and permanent residents who value proximity to the Atlantic coastline. The site layout and unit configuration are suited for long-term rental income or potential repositioning strategies. Investors looking for a stabilized multi-unit asset in Cape May County will find this building positioned in a location that maintains consistent demand for housing. The density of this property allows for efficient management practices, making it a viable addition to a diversified real estate portfolio. Prospective buyers should evaluate the current market performance within the 08260 zip code to align with local occupancy trends and rental market conditions typical of this established seaside environment.

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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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