2905 Park Boulevard

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2905 Park Boulevard

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
  • Asset features a configuration of two residential units
  • Property is situated at the address 2905 Park Boulevard
  • Located within the established Cape May County coastal market
  • Suitable for investors managing residential rental housing inventory

What's Special

Investors seeking a turnkey residential addition to their portfolio should consider this multifamily apartment building in Wildwood, New Jersey. The property at 2905 Park Boulevard consists of two units, providing a straightforward configuration for rental income generation. Wildwood remains a consistent destination within the Cape May County coastal region, benefiting from a seasonal influx of visitors and a steady local population base. The building offers potential for various long-term holding strategies, whether maintaining a traditional rental model or evaluating seasonal lease structures common in coastal municipalities. The asset's location provides accessibility to the broader Jersey Shore market, which supports diverse housing demands. Maintaining two distinct residential units allows for flexible management, making this an accessible entry point or expansion for residential real estate portfolios in the southern New Jersey area.

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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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