3003 Atlantic Avenue

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3003 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 asset located at 3003 Atlantic Avenue in Wildwood, New Jersey.
  • This apartment building is currently available for purchase as an investment.
  • The property consists of two distinct residential rental units.
  • Wildwood serves as a primary hub for coastal tourism in South Jersey.
  • The site is positioned within the 08260 zip code of Cape May County.

What's Special

Investors seeking a multifamily holding in a coastal market will find this apartment building on Atlantic Avenue a practical addition to a real estate portfolio. This asset features two individual units, offering a straightforward management profile suitable for long-term rental income or potential seasonal leasing strategies. The property is situated in Wildwood, New Jersey, a community known for its tourism-driven economy and significant visitor influx during the summer months. Positioned near the Atlantic coast, the location benefits from steady demand for residential space typical of this South Jersey shore market. Whether maintaining the current layout or evaluating future repositioning, this multifamily asset provides a functional foundation within an established coastal submarket. Its structure allows for efficient operations in a region where housing demand remains consistent due to both year-round residents and seasonal workforce requirements.

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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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