418 W Roberts Avenue

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418 W Roberts 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).

  • Located at 418 W Roberts Avenue in Wildwood, New Jersey.
  • The asset functions as a multifamily apartment building.
  • The property configuration consists of two residential units.
  • The building is positioned within an established coastal submarket.
  • Property size and scale facilitate efficient portfolio management.

What's Special

Wildwood serves as a prominent coastal community in New Jersey, drawing seasonal visitors and year-round residents to its distinctive boardwalk environment. This multifamily apartment building, situated at 418 W Roberts Avenue, occupies a position within this established Cape May County submarket. The property consists of 2 units, presenting a straightforward investment prospect for those looking to expand a residential portfolio in a beach-oriented market. Given its scale and location, the asset is well-suited for long-term rental income or potential seasonal housing strategies. The surrounding area features a mix of residential structures and local services, benefiting from the steady influx of tourism that drives the regional economy. Investors seeking to capitalize on coastal demand will find this manageable unit count an efficient entry point into the Wildwood housing market.

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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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