8401-8403 New Jersey Avenue

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8401-8403 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 consists of two distinct residential rental units.
  • Situated at the address of 8401-8403 New Jersey Avenue.
  • Asset type suitable for long-term or seasonal rental strategies.
  • Located within the established residential market of Cape May County.

What's Special

Wildwood Crest serves as a prominent coastal community within Cape May County, characterized by its residential appeal and proximity to regional beaches. This multifamily apartment building, situated at 8401-8403 New Jersey Avenue, occupies a key position within this growing market. The asset comprises two units, providing a manageable configuration for investors looking to expand their portfolio in a coastal environment. Such properties in this area frequently support long-term residential leasing or seasonal rental strategies given the surrounding leisure-oriented local economy. The building architecture aligns with the established aesthetic of the municipality, offering a straightforward footprint for straightforward management. Investors focused on the South Jersey real estate market will find this property well-positioned to benefit from consistent demand for multi-unit housing in established borough locations. Its scale allows for operational flexibility, making it a functional addition for those seeking to capitalize on the steady appeal of the Cape May peninsula 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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