3716 Arctic Avenue

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3716 Arctic 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.
  • The residential property contains two distinct rental units.
  • Located at 3716 Arctic Avenue within Cape May County.
  • Asset suitable for operators managing small-scale residential portfolios.
  • Situated in a well-known coastal market in New Jersey.

What's Special

This multifamily apartment building for sale in Wildwood, New Jersey, presents a functional acquisition for investors seeking residential assets in a coastal market. The property consists of two units located at 3716 Arctic Avenue. Wildwood maintains a steady profile as a popular shore destination, characterized by seasonal tourism and a consistent demand for rental housing throughout the region. The Cape May County submarket continues to attract interest from those looking to hold property in established beach communities. Given the configuration of this apartment building, the asset is suited for operators focused on small-scale residential portfolios or those looking to expand their presence in the local hospitality and seasonal housing sector. Its position provides straightforward access to regional thoroughfares, supporting ease of transit for residents within the 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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