3006 Lake Avenue

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3006 Lake 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 3006 Lake Avenue in Wildwood
  • Asset structure consists of two individual residential rental units
  • Located within the established and popular Cape May County market
  • Property offers potential for investors seeking manageable residential holdings
  • Well-positioned for steady rental income in a coastal community

What's Special

This multifamily property at 3006 Lake Avenue is currently available for sale and presents a practical acquisition for investors focused on the Wildwood residential market. Comprising two units, this apartment building provides an entry point for those seeking to expand their holdings in this coastal New Jersey destination. Wildwood remains a consistent draw for both seasonal visitors and year-round residents, supported by the broader Cape May County economy and its reputation as a prominent shore destination. The scale of this asset allows for straightforward management and is well-suited for a portfolio looking to balance rental income potential with manageable property operations. Prospective buyers can leverage the established residential demand in this community to maintain steady occupancy. The site's location within this accessible submarket ensures proximity to local thoroughfares and the amenities that define the Wildwood area, making it a functional addition to a diverse real estate investment strategy.

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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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