434 W Wildwood Avenue

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434 W Wildwood 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 434 W Wildwood Avenue in Wildwood, New Jersey.
  • This multifamily asset consists of two individual rental units.
  • The property is situated within the 08260 zip code area.
  • Multi-unit buildings represent a staple investment class in coastal markets.
  • The site coordinates are 38.9950 latitude and -74.8196 longitude.

What's Special

This two-unit multifamily property sits at 434 W Wildwood Avenue in Wildwood, New Jersey. The apartment building provides an investment entry point within a coastal community known for its seasonal population fluctuations and tourism-driven economy. Wildwood remains a consistent destination along the Jersey Shore, attracting visitors and residents who value proximity to the Atlantic coast and regional recreational amenities. Investors often view multi-unit assets in this submarket as potential long-term rental holdings, given the consistent demand for housing throughout the year or for seasonal workforce accommodation. The structure is positioned within a residential pocket of the city, offering functional living space for tenants. With its straightforward layout, the asset serves as a manageable addition to a local real estate portfolio. Prospective buyers may consider various management strategies to optimize the current configuration of the two residential units to align with prevailing neighborhood rental trends.

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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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