2509 Central Avenue

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2509 Central Avenue

North Wildwood, NJ 08260-6010
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).

  • Six-unit multifamily apartment building available for purchase
  • Located at 2509 Central Avenue in North Wildwood
  • Asset situated within the Cape May County region
  • Multifamily property positioned for regional residential demand
  • Coastal market location near major New Jersey shoreline

What's Special

This six-unit multifamily apartment building sits at 2509 Central Avenue in North Wildwood, New Jersey. The property provides a residential investment option within a popular coastal community known for its seasonal tourism and proximity to regional beaches. North Wildwood serves as a steady market in the Cape May County area, drawing residents and vacationers alike who prioritize access to the Atlantic coastline and established infrastructure. Apartment buildings of this scale in coastal New Jersey markets often cater to long-term residents or provide potential for seasonal rental income. The asset type allows for a straightforward management model in a high-demand shoreline setting. Investors seeking to expand their residential holdings in the Cape May region will find this location offers proximity to local commercial corridors and major thoroughfares serving the barrier islands. The property represents a focused opportunity to acquire multi-family housing in a well-traveled regional 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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