2704 Atlantic Avenue

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2704 Atlantic 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 apartment building located at 2704 Atlantic Avenue
  • Asset features a total of three residential units
  • Situated in the coastal city of Wildwood New Jersey
  • Positioned within the active Cape May County regional submarket
  • Suitable for investors targeting local residential rental demand

What's Special

This multifamily apartment building contains three units and sits at 2704 Atlantic Avenue in Wildwood, New Jersey. The property provides a residential investment opportunity within a well-known coastal market, serving as a hub for both seasonal visitors and year-round residents. Given its location in this active shore community, the asset is suitable for investors looking to capture demand for rental housing in a popular destination area. The local economy relies heavily on the tourism and hospitality sectors, supported by the accessible barrier island geography. Its layout and unit count allow for potential portfolio diversification or a manageable addition for an investor focused on the Atlantic County and Cape May County submarkets. This structure offers a foundation for steady residential operations in a municipality characterized by its dense seasonal occupancy and ongoing community development.

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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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