2911 Park Boulevard

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2911 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 at 2911 Park Boulevard in Wildwood
  • Asset consists of two independent residential apartment units for sale
  • Property situated within a prominent coastal New Jersey municipal market
  • Asset offers potential for steady rental income in a residential zone
  • Strategic location within reach of local shore attractions and infrastructure

What's Special

Wildwood serves as a prominent coastal destination in New Jersey, drawing consistent seasonal and year-round interest due to its accessible Atlantic shoreline. Situated at 2911 Park Boulevard, this multifamily property represents a manageable investment opportunity within a established residential corridor of the city. The site is positioned to benefit from the steady demand for rental housing that characterizes this seaside community, where proximity to local employment hubs and recreational amenities remains a primary driver for prospective tenants. Featuring two distinct residential units, this apartment building is well-suited for investors seeking to expand their portfolio with a compact income-generating asset. The building design supports straightforward management, catering to those interested in capturing rental income within a high-traffic regional market that continues to experience interest from both vacationers and permanent residents alike.

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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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