1836 Wesley Avenue

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1836 Wesley Avenue

Ocean City, NJ 08226
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).

  • Two-unit apartment building located in Ocean City New Jersey
  • Multifamily asset situated at 1836 Wesley Avenue
  • Property offers potential for rental income in a coastal market
  • Asset type suitable for residential investment or management strategies
  • Ocean City remains a desirable destination for seasonal and permanent residents

What's Special

Investors seeking a residential foothold in Ocean City will find this 2-unit apartment building at 1836 Wesley Avenue a practical addition to any coastal portfolio. Positioned within a popular resort community, the property provides versatile options for long-term rental income or potential seasonal leasing strategies. Ocean City maintains a steady demand for housing, driven by its enduring appeal as a vacation destination and its proximity to the Atlantic coastline. The structure is well-suited for a landlord focused on managing a smaller multifamily asset in a high-demand submarket. Its layout allows for straightforward operations and efficient tenant management, making it a viable candidate for those looking to expand their presence in the Southern New Jersey housing market. Buyers can leverage the location’s ongoing popularity and regional economic stability to support a consistent investment strategy.

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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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