2910 Ocean Avenue

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2910 Ocean 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 available for purchase in Wildwood.
  • Property features a total of 6 individual residential units.
  • Situated in the coastal market of Wildwood, New Jersey.
  • Located within the Atlantic City metropolitan area regional corridor.
  • Asset supports both annual and seasonal rental investment strategies.

What's Special

This multifamily property at 2910 Ocean Avenue in Wildwood, New Jersey, is currently available for purchase and presents a functional acquisition for residential investors. Comprising 6 units, the apartment building provides a stabilized residential footprint in a coastal market known for its tourism-driven economy and seasonal rental demand. The property sits within the greater Atlantic City metropolitan area, benefiting from the steady influx of visitors and residents who frequent this well-established shore community. Prospective buyers looking to expand their portfolio in South Jersey will find this asset well-suited for long-term hold strategies or potential value-add repositioning. The scale of the building allows for efficient management while maintaining a presence in a high-demand vacation submarket. Given its position near the coast, the site remains relevant for investors seeking to capture consistent rental revenue in a region that supports both permanent residents and summer rental occupancy.

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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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