5104-5106 Central Avenue

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5104-5106 Central Avenue

Ocean City, NJ 08226-3713
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 located at 5104-5106 Central Avenue in Ocean City
  • Building includes two separate residential apartment units for occupancy
  • Property is situated within the 08226 zip code of New Jersey
  • Asset type provides versatile options for residential rental income
  • Coastal market location offers steady demand for housing in this region

What's Special

This multifamily apartment building comprises two individual units situated at 5104-5106 Central Avenue in Ocean City, New Jersey. The property provides a residential housing solution in a prominent coastal community known for its seasonal tourism and stable year-round population. Its design allows for diverse utilization, including long-term rental income strategies or conversion for investor flexibility within the shore market. Ocean City serves as a key economic hub in Cape May County, drawing consistent interest from both regional vacationers and residents seeking proximity to the Atlantic coastline. Investors and property managers will find this asset well-positioned to serve the ongoing demand for housing options in this specific corridor of the municipal landscape. The layout and sizing of the building cater to those looking to acquire an established two-unit holding in an accessible area of the borough.

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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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