6810 New Jersey Avenue

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6810 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.
  • The property consists of 5 individual rental units.
  • The asset is positioned in a notable Cape May County coastal market.
  • Suitable for investors managing residential portfolios in shore communities.
  • Located at 6810 New Jersey Avenue within the 08260 zip code.

What's Special

This multifamily apartment building contains 5 units and is positioned in Wildwood Crest, New Jersey. The property provides a residential investment option within a popular coastal community known for its seasonal tourism and proximity to the Atlantic shoreline. Investors often target such assets in this submarket to capture steady rental income driven by the local economy and steady demand for beach-adjacent housing. The layout supports efficient management for those looking to maintain a smaller residential portfolio in a well-established coastal municipality. Wildwood Crest functions as a key destination in Cape May County, benefiting from consistent visitor traffic and a stable population base that appreciates the area's relaxed pace and geographic location. The asset is situated near local transit corridors that connect residents to surrounding shore points, enhancing its accessibility for potential tenants. This building represents a straightforward acquisition for an investor seeking a multi-family presence in a high-demand vacation and residential region.

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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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