2405 Central Avenue

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2405 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).

  • Located at 2405 Central Avenue in North Wildwood, New Jersey.
  • Multifamily apartment building available for purchase as an investment.
  • Property features a total of two residential rental units.
  • Situated in a coastal community with robust seasonal tourism demand.
  • Coordinates placed at 38.9939, -74.8074 for precise site identification.

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal tourism and maintaining a steady demand for residential accommodations. This multifamily property sits at 2405 Central Avenue, positioned within a community known for its beach access and accessibility to regional transit routes. The local economy is driven by leisure and hospitality, supporting a consistent market for rental housing throughout the year. The building consists of two units, making it suitable for an investor seeking a manageable asset in a shore town. The site coordinates of 38.9939, -74.8074 place it within reach of key local thoroughfares and area attractions. Given the apartment building classification and current configuration, this asset represents a functional addition to a residential investment portfolio within this established suburban market. Its proximity to the shoreline ensures sustained interest from both long-term tenants and seasonal occupants looking for reliable living arrangements in the North Wildwood 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

Location & Travel Times