8404 Pacific Avenue

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8404 Pacific 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 at 8404 Pacific Avenue in Wildwood Crest.
  • The residential property contains a total of two individual rental units.
  • The site is positioned within the desirable Cape May County coastal region.
  • Its manageable size suits both seasonal vacation rentals and year-round housing.
  • Nearby transportation routes provide reliable access throughout the coastal New Jersey area.

What's Special

This multifamily apartment building at 8404 Pacific Avenue consists of two units. Situated in Wildwood Crest, New Jersey, the property benefits from a location within a popular coastal community known for its seasonal tourism and residential appeal. The surrounding Cape May County area remains a stable submarket characterized by a steady influx of visitors and a consistent demand for rental housing options near the shoreline. An asset of this scale provides investors with a manageable entry point into the local housing market, suitable for either long-term rental income strategies or seasonal occupancy. The building's footprint and layout allow for versatile residential use cases, whether configured for vacationers seeking proximity to the beach or year-round tenants drawn to the quiet nature of the Crest. Its positioning within this specific municipality offers connectivity to major regional thoroughfares, ensuring accessibility for residents and maintenance personnel alike. Prospective buyers will find this property aligns well with portfolios focused on low-density residential assets in established shore environments.

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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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