426 W Roberts Avenue

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426 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).

  • Three-unit multifamily apartment building located in Wildwood, New Jersey.
  • Property situated at 426 W Roberts Avenue within the 08260 zip code.
  • Suitable investment vehicle for generating consistent residential rental income streams.
  • Beneficiary of strong seasonal and year-round housing demand in coastal region.
  • Geographically positioned to serve the diverse rental market in Cape May.

What's Special

Investors seeking to expand a residential portfolio will find this three-unit apartment building at 426 W Roberts Avenue an efficient addition in the Wildwood market. This property serves as a stable rental asset in a coastal community that experiences significant seasonal demand and maintains a steady year-round population. Its current configuration allows for immediate income generation and flexible management strategies within the local multifamily sector. Wildwood remains a well-known destination in the southern New Jersey region, supported by a tourism-based economy that drives housing requirements for both seasonal workers and long-term residents. Proximity to local thoroughfares provides connectivity across the Cape May peninsula, making this a practical acquisition for those looking to manage multi-unit holdings in a recognizable submarket. The layout and density of this asset are well-suited for buyers focused on modest, manageable residential investments that benefit from the area's established rental environment.

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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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