6700 Pacific Avenue

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6700 Pacific Avenue

Wildwood Crest, NJ 08260-4028
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.
  • The property consists of two individual residential units.
  • Located at 6700 Pacific Avenue in the 08260 zip code.
  • Coastal market asset suitable for seasonal or long-term rentals.
  • Positioned within the active Cape May County regional real estate market.

What's Special

This two-unit multifamily property sits at 6700 Pacific Avenue in Wildwood Crest, New Jersey. The asset serves as a functional apartment building, providing a residential investment option within this coastal municipality. Wildwood Crest maintains a distinct character as a shore community, attracting a seasonal influx of residents and vacationers that supports local rental demand. Investors looking for smaller residential holdings may find this asset fits into portfolios focused on secondary markets or vacation-adjacent real estate. The configuration of two units offers flexibility for various management strategies, whether through long-term leases or seasonal rentals in a region known for its strong summer tourism economy. The location places tenants near the southern tip of the island, benefiting from the broader regional infrastructure of Cape May County. This apartment building represents a tangible residential asset for those seeking to participate in the regional housing market.

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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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