3101 Park Boulevard

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3101 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 available for purchase in Wildwood.
  • The residential property contains a total of three units.
  • Located at 3101 Park Boulevard in Cape May County.
  • Situated within a established coastal market in New Jersey.
  • Suitable asset for residential investors managing small-scale holdings.

What's Special

This multifamily apartment building for sale in Wildwood, New Jersey, presents a functional acquisition for investors seeking residential assets in a coastal market. The property consists of three distinct units located at 3101 Park Boulevard. Wildwood serves as a prominent seasonal destination along the Jersey Shore, characterized by a steady influx of visitors and a resilient local tourism economy that supports consistent demand for rental housing options. Given the layout and unit count, the asset is well-suited for an investor looking to manage a small-scale rental portfolio or acquire a property with immediate operational potential. The location offers accessibility to the regional transit corridors and the broader commercial landscape of Cape May County. Prospective buyers may find this building aligns with strategies focused on long-term residential holdings or short-term rental conversions, depending on local municipal regulations and investment objectives. Its position within the borough provides exposure to a consistent population base and proximity to essential services, making it a practical addition to an existing real estate holding.

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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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