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 apartment building located in Wildwood Crest
  • Asset consists of two total residential units
  • Property is currently available for purchase
  • Situated in a coastal New Jersey market
  • Ideal for residential leasing or seasonal rentals

What's Special

5900 New Jersey Avenue comprises two residential units situated in Wildwood Crest, New Jersey. This multifamily apartment building serves as a compact investment asset within a coastal market known for its seasonal tourism and steady rental demand. The property provides a straightforward acquisition for investors looking to hold residential inventory in a prime shore location. Wildwood Crest functions as a popular destination along the Jersey Shore, benefiting from proximity to regional transit routes and local commerce. The asset is well-positioned for long-term lease arrangements or as a vacation rental property, catering to the demographic that values accessibility to the Atlantic coastline. Buyers focused on residential real estate will find this building offers functional utility within a established community.

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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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