7604 Pacific Ave

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7604 Pacific Ave

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 available for sale in Wildwood Crest
  • Asset configuration consists of two individual residential units
  • Located at 7604 Pacific Ave in the state of New Jersey
  • Suitable for investors targeting small-scale residential rental properties
  • Positioned within a region known for seasonal shore tourism

What's Special

This multifamily apartment building at 7604 Pacific Ave in Wildwood Crest, New Jersey, is currently available for purchase and represents a functional addition to an investment portfolio. The property consists of two distinct units, providing a manageable configuration for investors seeking to enter or expand within this coastal submarket. Wildwood Crest is known for its seasonal tourism demand and steady population, offering a stable environment for residential rental assets. Given the asset type and unit count, the building is well-suited for a buy-and-hold strategy, catering to either long-term tenants or potentially seasonal occupants common to this shore community. Proximity to local coastal amenities and the established residential character of the area supports the ongoing utility of this asset. Investors should consider the potential for income generation through multi-tenant residential leasing in a market characterized by high recreational appeal and consistent interest in housing inventory.

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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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