427 W Baker Avenue

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427 W Baker 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).

  • Multi-family apartment building located in Wildwood, New Jersey.
  • Property features a total of four residential units.
  • Asset is situated at 427 W Baker Avenue.
  • Strategically positioned within the Cape May County coastal market.
  • Suitable for investors managing small-scale multi-unit housing assets.

What's Special

Investors seeking a multi-family asset in a coastal market will find this four-unit apartment building at 427 W Baker Avenue in Wildwood, New Jersey, a practical addition to an income-generating portfolio. The property serves as a core residential asset within a region defined by its seasonal tourism and steady year-round rental demand. Given the current configuration, this building provides a straightforward opportunity for operators to manage a small-scale multi-unit housing complex in a well-established submarket. Wildwood remains a central hub within the Cape May County area, supported by consistent regional activity and proximity to key Atlantic coastal corridors. Prospective owners may utilize these units to capitalize on local housing needs or evaluate potential long-term repositioning strategies common for residential properties of this size. This asset sits in a position to leverage the economic character of the Wildwood community, providing a foundation for stable management and operational focus.

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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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