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).

  • Sixteen-unit apartment building located in Wildwood, New Jersey.
  • Property situated at the address 2910 Ocean Avenue.
  • Multifamily asset type suitable for diverse investment strategies.
  • Located within a consistent coastal residential rental market.
  • Building supports long-term residential housing and operational flexibility.

What's Special

Wildwood serves as a prominent coastal destination in New Jersey, drawing consistent seasonal traffic and maintaining a steady demand for residential accommodations. This multifamily apartment building at 2910 Ocean Avenue comprises 16 units within the heart of the community. The asset provides a foundation for investors looking to establish or expand a presence in the local rental market. Given the site location, the property is well-positioned for owners targeting long-term tenants or those seeking to leverage the regional tourism economy through managed rental strategies. The building density and established layout support ongoing operational utility for a variety of investment profiles focused on multi-family residential assets in this shore-side market.

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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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