316 E Youngs Avenue

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316 E Youngs 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).

  • Three-unit multifamily apartment building located in Wildwood, New Jersey.
  • Property situated at the address of 316 E Youngs Avenue.
  • Investment asset suited for rental income or portfolio expansion.
  • Located within a coastal region with seasonal tourism demand.
  • Residential asset type optimized for multi-tenant housing use.

What's Special

316 E Youngs Avenue is a multifamily apartment building containing three residential units. Positioned in the coastal market of Wildwood, New Jersey, this asset provides an investment option within a popular regional destination known for its seasonal population growth and local tourism economy. The property benefits from its placement in a well-established submarket, characterized by a mix of permanent residents and visitors. Investors may view this asset as a value-add opportunity for long-term rental income or as a potential seasonal housing solution. The layout accommodates a multi-tenant residential structure, making it suitable for those looking to expand a residential portfolio in a shore community. Prospective buyers should consider the operational requirements of maintaining a three-unit residential property in this specific geographic area.

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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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