2711 W New York Avenue

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2711 W New York 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 in Wildwood, New Jersey.
  • Property consists of two distinct residential rental units.
  • Situated in a popular coastal market with strong tourism.
  • Accessible location near key transit routes in Cape May.
  • Asset provides potential for both seasonal and long-term occupancy.

What's Special

Wildwood serves as a prominent coastal community in New Jersey, drawing seasonal visitors and maintaining a steady year-round population. This multifamily asset located at 2711 W New York Avenue positions investors within a well-known shore market characterized by high tourism activity and established residential neighborhoods. Proximity to regional infrastructure and transit routes supports accessibility throughout the Cape May County area. The property functions as an apartment building, providing a straightforward acquisition for those looking to expand their portfolio within a distinct beach-centric submarket. With two units available, the building suits investors seeking manageable inventory in a high-demand vacation destination. Efficient layouts allow for versatile leasing strategies, whether targeting long-term residents or those seeking seasonal housing during the busy summer months. The site benefits from the localized economic stability provided by the seasonal hospitality and retail sectors prevalent in the surrounding district.

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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

Location & Travel Times