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).

  • Multifamily asset for sale in Wildwood, New Jersey.
  • The property features a total of four residential units.
  • Located at 427 W Baker Avenue in the 08260 zip code.
  • Well-positioned within the established coastal market of Cape May County.

What's Special

This multifamily apartment building for sale at 427 W Baker Avenue provides a straightforward investment for those seeking a residential asset in Wildwood, New Jersey. The property comprises four distinct units, making it suitable for private investors or boutique rental operators looking to build a presence in this coastal submarket. Wildwood maintains a steady seasonal and year-round demographic, supported by its established tourism-based economy and regional accessibility within Cape May County. The local market benefits from consistent demand for multi-family housing near the Jersey Shore, where residential inventory serves both permanent residents and summer visitors alike. Ownership of this site allows for a manageable scale of operations while positioning capital in a recognizable shore community. Prospective buyers should consider the utility of these four units as a reliable addition to an existing income-producing portfolio or as a foundational investment in the growing residential landscape of the region.

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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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