6206 New Jersey Avenue

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6206 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 at 6206 New Jersey Avenue.
  • Property consists of two distinct residential units for investors.
  • Situated within the coastal submarket of Wildwood Crest, New Jersey.
  • Asset provides potential for consistent rental income generation.
  • Positioned in a region defined by strong seasonal tourism.

What's Special

This two-unit multifamily apartment building sits at 6206 New Jersey Avenue in Wildwood Crest, New Jersey. The property provides a straightforward investment option within a coastal submarket known for its seasonal tourism and steady rental demand. Situated in the southern region of the state, Wildwood Crest offers a residential atmosphere that remains popular for both short-term vacation stays and year-round housing needs. Investors may utilize this asset as a traditional rental income stream or explore potential repositioning strategies to maximize current occupancy. The layout of two units allows for efficient management and simplified oversight for a private owner or portfolio holder looking to increase their footprint in the Cape May County area. Its placement in a well-established beach community positions the building to benefit from the ongoing economic activity of the Jersey Shore and surrounding tourist corridors.

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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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