8306 Atlantic Avenue

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8306 Atlantic 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 residential rental units.
  • Situated on Atlantic Avenue within a popular coastal destination.
  • Investment asset suitable for residential or seasonal leasing strategies.
  • Located in an established submarket of Cape May County.

What's Special

This multifamily apartment building contains two units and is positioned on Atlantic Avenue in Wildwood Crest, New Jersey. Situated in a coastal town known for its seasonal tourism and steady residential appeal, this property serves as a functional investment for those seeking a manageable portfolio addition in the Cape May County market. The local economy benefits from the summer visitor influx, supporting consistent demand for rental housing options near the shoreline. Investors may consider maintaining the existing configuration for long-term residential leasing or evaluating the property for seasonal vacation rental potential. Its location provides accessibility to the broader Wildwood beach communities, making it a practical asset for buyers focused on established coastal submarkets with strong occupancy characteristics.

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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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