2509-2511 Central Avenue

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2509-2511 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 at 2509-2511 Central Avenue
  • Asset consists of six distinct rental housing units
  • Property is situated within the North Wildwood market area
  • Coastal location offers consistent demand for residential rental properties
  • Suitable for investors managing residential portfolios in New Jersey

What's Special

This multifamily apartment building contains six units at 2509-2511 Central Avenue in North Wildwood, New Jersey. The property sits within a coastal region that experiences significant seasonal activity and steady demand for residential rentals. Given the layout and unit count, the asset is suitable for investors seeking to maintain a steady rental stream in an established shore community. North Wildwood remains a consistent destination for residents and visitors, providing a reliable demographic foundation for multi-unit housing operations. Owners may consider long-term lease structures or seasonal configurations to capture the specific requirements of the local market. Proximity to regional coastal infrastructure supports the ongoing utility of this asset as a core holding for residential portfolios. The configuration provides a straightforward management profile for those looking to expand their footprint within the coastal New Jersey residential sector.

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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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