3201 New Jersey Avenue

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3201 New Jersey 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 asset located at 3201 New Jersey Avenue in Wildwood.
  • The building consists of two distinct residential rental units.
  • Property is situated within the active Cape May County region.
  • Suitable for investors targeting small-scale multifamily residential assets.
  • Location provides access to coastal area amenities and regional thoroughfares.

What's Special

This two-unit multifamily property sits at 3201 New Jersey Avenue in the coastal city of Wildwood, New Jersey. The apartment building offers a residential investment option within the local market. Wildwood is a well-known shore destination that benefits from seasonal tourism and a stable year-round population, providing consistent demand for rental housing. Investors can utilize this asset for long-term residential leasing or evaluate potential strategies tailored to the local regional submarket. The property occupies a functional footprint suitable for a small-scale portfolio addition. Its position in the Cape May County area allows residents access to major coastal thoroughfares and regional transit. Prospective buyers should consider the current layout and the operational advantages of managing a two-unit configuration in this established seaside community.

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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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