5501 Seaview Avenue

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5501 Seaview Avenue

Wildwood Crest, 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 in Wildwood Crest, New Jersey
  • Asset features a total of two individual residential units
  • Property situated at the address of 5501 Seaview Avenue
  • Located within the established coastal market of Cape May County
  • Suitable for various residential investment and rental strategies

What's Special

Wildwood Crest serves as a prominent coastal community within Cape May County, characterized by its seasonal tourism economy and strong residential appeal along the Atlantic coastline. This multifamily asset occupies a strategic position at 5501 Seaview Avenue, benefiting from the region's steady demand for shore-based housing and rental inventory. The property consists of two distinct residential units, offering functional space suitable for long-term rental investments or vacation-oriented leasing strategies. The building density and local site profile align with the established residential character of the immediate neighborhood, providing an accessible entry point for investors seeking to capture value in a well-trafficked beach town submarket. Its proximity to regional amenities and the waterfront enhances its viability for prospective tenants or seasonal visitors looking for apartment-style accommodations in this segment of the New Jersey coast.

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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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