2701 Pacific Avenue

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2701 Pacific Avenue

Wildwood, 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 asset located at 2701 Pacific Avenue in Wildwood.
  • The apartment building consists of two separate rental units.
  • Property is situated in a coastal New Jersey market.
  • Asset supports residential leasing strategies in a tourist-focused area.
  • Location provides accessibility to major local roads and transit.

What's Special

Investors seeking to expand their residential holdings will find a functional acquisition at 2701 Pacific Avenue in Wildwood, New Jersey. This multifamily apartment building comprises two individual units, providing a manageable configuration for those entering the coastal rental market. The property sits within a well-established submarket known for its seasonal tourism and proximity to the Atlantic shoreline, which historically supports steady demand for residential accommodations during both the peak summer months and the shoulder seasons. The structure presents a practical addition to a broader real estate portfolio, benefiting from its strategic positioning near the main thoroughfares of the island. Given the layout of the asset, it is suited for long-term rental income or potential short-term leasing strategies common in this region of the Jersey Shore. The local economy remains anchored by service and hospitality sectors, ensuring consistent activity throughout the year for property owners in this popular coastal destination.

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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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