5606 Pacific Avenue

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5606 Pacific Avenue

Wildwood Crest, NJ 08260
Asking Price
$2.35M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Wildwood Crest.
  • Property features a total of two residential units.
  • Asking price for the investment asset is $2,350,000.
  • Situated at 5606 Pacific Avenue in Cape May County.
  • Asset located within a prominent New Jersey coastal submarket.

What's Special

Priced at $2,350,000, this multifamily apartment building is positioned at 5606 Pacific Avenue in Wildwood Crest, New Jersey. The property provides a residential investment opportunity within a well-known coastal borough of Cape May County. Wildwood Crest maintains a seasonal population influx typical of the Jersey Shore, supported by a local economy driven by tourism and hospitality services. The regional market benefits from consistent demand for high-quality rental accommodations near the Atlantic coastline. This asset consists of two units, making it suitable for investors seeking a smaller-scale multifamily holding in a stable beach destination. The location offers proximity to regional transit corridors and local infrastructure. Investors can utilize this property for long-term residential leasing or evaluate potential for seasonal vacation rental strategies depending on market conditions. The building serves as a tangible asset in a coastal submarket characterized by steady land values and interest from both local and regional buyers.

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NOI
$80,000
Cap Rate
3.40%
DSCR
0.57
Underwater
Cash-on-Cash
-8.44%
Monthly Payment
$11,626.518
Annual Cash Flow
$-59,518.214

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