6607 New Jersey Avenue

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6607 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, New Jersey.
  • Property features a total of two individual residential units.
  • Site sits at the 6607 New Jersey Avenue street address.
  • Coastal location experiences significant seasonal demand from beach tourism.
  • Asset presents potential for long-term or seasonal rental strategies.

What's Special

This multifamily apartment building consists of two units and is positioned at 6607 New Jersey Avenue in Wildwood Crest, New Jersey. Situated in a coastal municipality known for its tourism-driven economy and seasonal visitor traffic, the property benefits from proximity to regional beach access and local thoroughfares. The location maintains a residential character while serving as a consistent draw for renters seeking proximity to the Atlantic shoreline. Investors may find utility in this asset as a long-term rental holding or a potential seasonal accommodation play within the Cape May County submarket. The layout allows for straightforward property management, catering to those interested in the multifamily sector of this beach-oriented community. Prospective buyers should evaluate the site based on current local housing demand and the specific configuration of the two residential units.

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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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