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 in Wildwood.
  • The residential property consists of 9 individual rental units.
  • Situated within the coastal New Jersey market of Cape May County.
  • Well-suited for investors pursuing seasonal or year-round rental opportunities.
  • Asset maintains proximity to major regional coastal attractions and transit routes.

What's Special

Investors seeking a multifamily acquisition in a coastal environment will find this 9-unit apartment building at 230 E Burk Avenue in Wildwood, New Jersey, a practical addition to an income-generating portfolio. The property is well-positioned for those targeting the seasonal or year-round rental market typical of the Jersey Shore, which experiences significant population growth and tourism demand during the summer months. Occupying a footprint near the Atlantic coastline, this asset provides proximity to regional amenities and the local economic drivers associated with the Cape May County tourism industry. The building offers potential for consistent occupancy given its central location within the city. Prospective buyers can leverage this asset for long-term hold strategies or repositioning efforts to cater to the evolving needs of the Wildwood rental community. Its scale allows for manageable operations while providing a multi-revenue stream structure in a highly sought-after seaside destination.

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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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