6007-11 New Jersey Avenue

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6007-11 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).

  • Located at 6007-11 New Jersey Avenue in Wildwood Crest
  • Mixed-use asset type functioning as an apartment building
  • Property situated in a desirable New Jersey coastal market
  • Offers potential for diversified residential and commercial income streams
  • Strategically positioned within the Cape May County regional corridor

What's Special

This mixed-use apartment building at 6007-11 New Jersey Avenue represents a notable acquisition in Wildwood Crest, New Jersey. Situated in a popular coastal submarket, the property benefits from the year-round regional appeal and seasonal tourism influx characteristic of the Cape May County area. The location provides accessible connectivity to local beaches and regional thoroughfares, supporting stable demand for residential and commercial space within the community. Investors and business buyers may consider this asset for its potential to provide a balanced revenue stream through its mixed-use designation. The configuration of the building allows for flexible utilization, catering to tenants seeking proximity to the coastline. Given the established nature of the Wildwood Crest market, this property serves as a functional addition to a diversified real estate portfolio. Its position within the local corridor facilitates consistent access to area amenities, making it a viable candidate for those looking to maintain a foothold in this established seaside destination.

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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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