312 E Leaming Avenue

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312 E Leaming 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 available for purchase in Wildwood.
  • Property footprint consists of two distinct rental units.
  • Strategically positioned within the Cape May County real estate market.
  • Well-suited for investors targeting compact residential asset classes.
  • Located in an accessible corridor of the New Jersey shore.

What's Special

This multifamily property at 312 E Leaming Avenue in Wildwood, New Jersey, is currently for sale and presents an efficient addition for investors focused on small-scale residential holdings. The asset consists of 2 units, providing a manageable configuration for those looking to expand a portfolio or establish a presence in the local rental market. Wildwood maintains a steady profile as a coastal community in the Cape May region, benefiting from seasonal tourism and a consistent year-round population. Its proximity to major regional roadways and local commercial hubs enhances accessibility for tenants. Given its apartment building classification, this property is well-suited for long-term hold strategies or repositioning efforts within the coastal submarket. Prospective buyers can leverage the compact size of the building to streamline management operations while capitalizing on the demand for housing within this established shore town.

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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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