6600 New Jersey Avenue

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6600 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 6600 New Jersey Avenue
  • Asset features five individual residential rental units
  • Located within the coastal borough of Wildwood Crest
  • Property situated in the regional Cape May County market
  • Suitable for residential investment or rental portfolio expansion

What's Special

This 5-unit multifamily apartment building at 6600 New Jersey Avenue in Wildwood Crest presents a stabilized residential asset in a coastal market. The property benefits from its position in a community known for its seasonal appeal and proximity to the Jersey Shore coastline, which supports consistent demand for rental housing throughout the region. Investors and operators often find these smaller scale residential properties well-suited for long-term hold strategies or vacation rental conversions depending on local regulations and submarket performance. The Wildwood Crest area maintains a steady demographic profile, providing a solid foundation for multifamily operations near the Atlantic coast. Prospective buyers should evaluate the current configuration of the five units to align with their specific portfolio requirements and income goals. As a compact residential investment, this asset integrates into the established landscape of Cape May County, balancing access to local tourism infrastructure with the residential character of the borough.

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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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