320 W Wildwood Avenue

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320 W Wildwood 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 available for purchase
  • Located at 320 W Wildwood Avenue in Wildwood, New Jersey
  • Asset sits within a prominent Atlantic coast vacation destination
  • Suitable for long-term residential or seasonal rental strategies
  • Positions investors in the active Cape May County market

What's Special

This multifamily apartment building contains three units in the coastal city of Wildwood, New Jersey. Situated at 320 W Wildwood Avenue, the property benefits from its position in a well-trafficked shore destination known for its seasonal tourism economy and robust vacation rental market. The asset serves as a functional addition to a regional portfolio for investors targeting residential income streams in Cape May County. Potential use cases for this structure include long-term residential leasing or short-term vacation stays, both of which are prominent within the local Wildwood submarket. The layout provides flexibility for owners looking to capitalize on the high summer demand typical of this Atlantic coastline location. Proximity to local transit routes and established amenities supports consistent occupancy potential for multifamily operators throughout the year. The building represents a straightforward investment option within a highly active coastal residential corridor.

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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

Location & Travel Times