1600 Central Avenue

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1600 Central Avenue

North 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 apartment building located in North Wildwood, New Jersey.
  • Property consists of two distinct residential rental units.
  • Available for sale to residential real estate investors.
  • Situated at the 1600 Central Avenue address coordinates.
  • Located within the established North Wildwood coastal market.

What's Special

This multifamily property at 1600 Central Avenue in North Wildwood, New Jersey, is currently available for sale and represents a functional acquisition for residential investors. The apartment building consists of two units situated in a coastal market known for its seasonal tourism and steady community presence along the Jersey Shore. The location provides proximity to major regional roadways that connect this barrier island to the broader South Jersey mainland. Given the configuration, this asset suits investors looking for a manageable rental property or those seeking to expand a local residential portfolio. Prospective owners may consider long-term leasing strategies to capitalize on the year-round population or explore seasonal rental arrangements typical of this seaside municipality. The building layout allows for efficient management, making it a practical addition for buyers targeting smaller multi-family residential developments in North Wildwood.

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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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