317 W Baker Avenue

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317 W Baker 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
  • Asset features a total of two individual units
  • Located within the 08260 zip code area
  • Suitable for long-term residential rental income strategies
  • Positioned in a key coastal Cape May market

What's Special

This two-unit multifamily apartment building is situated at 317 W Baker Avenue in Wildwood, New Jersey. The property provides a residential investment opportunity within a well-established coastal community known for its seasonal tourism and steady year-round population. Investors often look toward these types of small-scale residential assets in the region to leverage the high demand for local housing rentals. The layout supports a variety of configurations for long-term lease structures or potential owner-occupant scenarios. Located within the 08260 zip code, the building maintains proximity to local amenities and the broader infrastructure of Cape May County. Prospective buyers should consider this property for its portfolio utility in a dense suburban market environment where multifamily housing remains a consistent staple of the local real estate ecosystem.

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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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