300 Central Avenue

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300 Central 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).

  • Multifamily asset for sale in Ocean City
  • Building features a total of two residential units
  • Located at 300 Central Avenue in New Jersey
  • Well-suited for residential investors or property managers
  • Situated within an established and stable coastal market

What's Special

This multifamily property at 300 Central Avenue in Ocean City is available for sale, providing a strategic acquisition for investors seeking residential assets in a coastal market. The building consists of two units, positioned within a high-demand shoreline community known for its consistent seasonal activity and stable year-round population. With its location in New Jersey, the property benefits from the regional economic stability of the greater Cape May County area. Potential use cases for this apartment building include long-term rental investments or conversion into owner-occupied housing with an attached rental income stream. The layout is suitable for those managing smaller residential portfolios who prioritize established coastal locations. Proximity to local transit routes and the central commercial district ensures connectivity for residents and provides a functional setup for landlords looking to optimize their holdings in this specific geographic 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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