4506 Atlantic Avenue

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4506 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 in Wildwood, New Jersey
  • The property consists of two individual residential units
  • Asset is situated at the address 4506 Atlantic Avenue
  • Located within the active coastal region of Cape May County
  • Features a residential configuration suitable for rental investment

What's Special

This multifamily apartment building contains two units and is situated at 4506 Atlantic Avenue in Wildwood, New Jersey. The property provides a residential investment opportunity within a coastal city known for its tourism-driven economy and summer population growth. Wildwood serves as a recognizable destination in Cape May County, benefiting from the regional draw of the Jersey Shore and proximity to major regional roadways that facilitate easy access for seasonal visitors and year-round residents. Investors or owner-occupants may find the property suitable for long-term rental income or potential use as a vacation residence. The scale of this asset allows for straightforward management while contributing to the diverse inventory of housing stock found throughout this active beach community. Its position on Atlantic Avenue places it within a functional corridor of the municipality, supporting various residential configurations typical of this submarket.

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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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