3814 Arctic Avenue

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3814 Arctic Avenue

Wildwood, NJ 08260
Asking Price
$800K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily building located at 3814 Arctic Avenue in Wildwood
  • Asset consists of three separate residential rental units
  • Asking price for the multifamily investment is 799777 dollars
  • Property situated within the popular coastal Wildwood market area
  • Functional residential investment opportunity for new or established owners

What's Special

Investors seeking a residential income-producing property in Wildwood will find this three-unit apartment building at 3814 Arctic Avenue a practical addition to an investment portfolio. Located in a coastal New Jersey market, this multifamily asset serves as a versatile option for long-term rental income or potential seasonal housing strategies within the region. The property provides a defined footprint for three distinct units, catering to the ongoing demand for rental housing in this well-established shore community. Wildwood remains a consistent destination for residents and visitors, benefiting from its proximity to regional attractions and the coastal lifestyle. The building is well-positioned for an owner-operator or an investor looking for a manageable multifamily configuration. With its strategic placement, this asset offers a balance of location and functionality for those looking to expand their presence in the Cape May County residential sector.

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NOI
$80,000
Cap Rate
10.00%
DSCR
1.68
Strong
Cash-on-Cash
13.55%
Monthly Payment
$3,956.86
Annual Cash Flow
$32,517.677

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