5900 New Jersey Avenue

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5900 New Jersey 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 asset located in Wildwood Crest, New Jersey
  • Building features a total of two residential units
  • Positioned within a popular coastal resort submarket
  • Suitable for seasonal or long-term rental income strategies
  • Accessible location near regional shore attractions

What's Special

Wildwood Crest serves as a quiet, coastal destination within the broader Cape May County resort region. This multifamily property at 5900 New Jersey Avenue sits within a well-established beach community characterized by steady seasonal demand and residential interest. The coastal economy relies heavily on tourism and long-term rental stability, making this an accessible entry point for investors looking to expand their footprint in a popular Jersey Shore borough. The apartment building comprises two individual units. Such configurations function effectively as seasonal rental assets or long-term housing solutions given the proximity to local beaches and regional employment hubs. Owners may utilize this asset for diversified income streams in a submarket where inventory remains constrained by geographic boundaries. The physical layout supports efficient management for those pursuing a residential investment strategy in the Wildwood area.

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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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