5901 New Jersey Avenue

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5901 New Jersey Avenue

Wildwood Crest, NJ 08260
Asking Price
Contact for price
Asset Type
Apartment Building Mixed-use
Class
Class B

AI Property Summary

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

  • Property located at 5901 New Jersey Avenue in Wildwood Crest.
  • The asset is classified as a mixed-use apartment building.
  • This location serves as a key coastal market in New Jersey.
  • The building is currently available for purchase by investors.
  • Local demand is driven by tourism and seasonal rental interest.

What's Special

Wildwood Crest is a coastal destination in Cape May County that experiences significant seasonal activity and consistent tourism demand. Situated at 5901 New Jersey Avenue, this mixed-use asset functions as an apartment building within a prominent regional shoreline market. The location provides proximity to local beaches and central business districts, supporting a steady flow of both vacationers and year-round residents. Investors looking for a foothold in this established seaside community may find the property suitable for various residential leasing models. Given the property's composition, potential owners can evaluate strategic approaches to apartment management or long-term value preservation in this New Jersey market. The coastal landscape and economic environment of the region continue to influence real estate trends, making properties in this vicinity relevant for portfolios focused on residential income generation.

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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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