304 W Roberts Avenue

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304 W Roberts 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 in Wildwood, New Jersey.
  • Property consists of two separate residential units.
  • Situated at the address 304 W Roberts Avenue.
  • Asset sits within the 08260 zip code area.
  • Designed for multi-family residential investment or rental income.

What's Special

Wildwood serves as a prominent coastal community in New Jersey, attracting seasonal visitors and year-round residents alike. This multifamily apartment building, situated at 304 W Roberts Avenue, occupies a position within this active shore market. The property consists of two residential units, providing a tangible investment option for those seeking a smaller-scale multi-family asset in a high-traffic destination area. Residential properties in this submarket often cater to both long-term tenants and those looking for proximity to the regional tourism amenities. With two distinct living spaces, this building supports income generation strategies through either annual leasing or seasonal rental arrangements. Investors can capitalize on the consistent demand for housing within this coastal municipality, utilizing the structure for a straightforward rental portfolio addition or owner-occupant scenarios where one unit could offset ownership costs. The location offers accessibility to the local transportation network and essential services throughout the island.

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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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