245-247 E Taylor Avenue

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245-247 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 at 245-247 E Taylor Avenue
  • Asset features a total of six residential rental units
  • Located in the coastal market of Wildwood, New Jersey
  • Property represents a stabilized investment in Cape May County
  • Well-suited for investors targeting residential rental income growth

What's Special

Investors seeking to expand their portfolio will find this 6-unit apartment building at 245-247 E Taylor Avenue a practical addition in the Wildwood, New Jersey market. The property provides a residential foundation in a popular coastal community, known for its seasonal economic activity and steady demand for rental housing. As an established multifamily asset, this building is positioned to cater to long-term residents or those participating in the regional tourism economy that defines this submarket. The layout supports efficient property management and serves as a functional hold for owners looking to capitalize on Wildwood’s position within Cape May County. With its density and unit count, this building offers a straightforward path to stabilizing cash flow in a high-demand vacation destination. Future owners can leverage the proximity to local services and regional attractions to attract quality tenants. The asset remains well-situated for those focused on core multifamily investments in a established residential pocket.

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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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