2400 Central Avenue

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2400 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).

  • Four-unit multifamily residential building located in North Wildwood.
  • Property address is situated at 2400 Central Avenue in New Jersey.
  • The site is located within a established coastal tourism submarket.
  • Asset provides direct access to the North Wildwood residential market.
  • Building is currently listed for sale to prospective investment buyers.

What's Special

This 4-unit apartment building stands at 2400 Central Avenue in North Wildwood, New Jersey. Situated in a popular coastal community, the property benefits from the regional tourism economy that defines this segment of the Jersey Shore. The asset serves as a functional addition to a multifamily portfolio, providing residential housing options within a well-established beach town environment. Prospective investors may view this asset as a steady income-generating vehicle given its manageable unit count and prime location near the Atlantic coastline. As North Wildwood remains a destination for both seasonal visitors and long-term residents, the building is positioned to support consistent tenant demand throughout the year. The building provides a clear layout suited for efficient management and ongoing residential operations in this busy municipal submarket.

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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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