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Cape May Court House Portfolio 513 N Wildwood Rd 26 Unit Apartment Building For Sale Cape May Court House, NJ 08210
Investment Highlights
- Tenants pay utilities
- Established cash flow with proven rent collection history
- Diverse Unit Mix: $800 - $2,200 rent range captures multiple market segments
- Capital Improvements: $115,000 in septic system improvements, new boilers and new roofs
- High occupancy
- Established Tenancy: Long-term residents provide stable, predictable cash flow
Executive Summary
The portfolio consists of 4 lots with 12 multifamily buildings and 26 residential units.
504 Blackburn Avenue consists of 2 residential units.
505 North Wildwood Road is a single-family home.
509 North Wildwood Road consists of 7 residential units.
511 Blackburn Avenue consists of 3 residential units.
513 North Wildwood Boulevard consists of 9 residential units.
513 Blackburn A and B, 518 Maryland Avenue and 519 Maryland Avenue are single-family dwellings located on the same lot.
504 Blackburn Avenue consists of 2 residential units.
505 North Wildwood Road is a single-family home.
509 North Wildwood Road consists of 7 residential units.
511 Blackburn Avenue consists of 3 residential units.
513 North Wildwood Boulevard consists of 9 residential units.
513 Blackburn A and B, 518 Maryland Avenue and 519 Maryland Avenue are single-family dwellings located on the same lot.
Property Facts
| Sale Type | Investment | Lot Size | 0.60 AC |
| No. Units | 26 | Building Size | 15,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | ||
| Zoning | SR - Single Family | ||
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Zoning | SR - Single Family |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 500 |
| 2+1 | 15 | - | 600 |
| 3+1 | 5 | - | 700 |
| 4+1 | 1 | - | 900 |
| Studios | 1 | - | 450 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $637,819 CAD | |
| Land Assessment | $941,678 CAD | Total Assessment | $1,579,497 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$941,678 CAD
Improvements Assessment
$637,819 CAD
Total Assessment
$1,579,497 CAD
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Cape May Court House Portfolio | 513 N Wildwood Rd
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