419 W Burk Avenue

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419 W Burk 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).

  • The multifamily asset is available for purchase in Wildwood.
  • Property consists of two distinct residential rental units.
  • Located at 419 W Burk Avenue in coastal New Jersey.
  • Well-suited for investors pursuing small residential rental income.

What's Special

The sale of this multifamily apartment building at 419 W Burk Avenue presents a viable acquisition for residential investors seeking assets in the Wildwood market. Located in a coastal New Jersey municipality, this property fits the profile for those looking to expand a portfolio through small-scale rental housing. The building consists of 2 units, making it an manageable entry point for first-time buyers or seasoned landlords focusing on income-generating residential real estate. Wildwood remains a well-known destination in Cape May County, characterized by a seasonal economy driven by tourism and a consistent demand for coastal rental housing options. This asset provides the necessary infrastructure for reliable long-term leasing strategies within a established suburban neighborhood setting.

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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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