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.
  • Property consists of two distinct residential rental units.
  • Situated at the address of 4506 Atlantic Avenue.
  • Coastal location supports seasonal and year-round housing demand.
  • Asset type suitable for income-focused residential real estate investors.

What's Special

Investors seeking an entry-level multifamily asset in the Wildwood coastal market will find this two-unit apartment building at 4506 Atlantic Avenue a practical addition to a portfolio. The property provides functional residential space suitable for long-term rentals or seasonal housing, reflecting the tourism-driven economy that defines this popular New Jersey shoreline destination. Its location offers accessibility to the local attractions and infrastructure that support the steady population influx during peak months. Operating in a well-established submarket, this building serves as a straightforward acquisition for those focusing on income-producing residential real estate. The configuration allows for manageable maintenance while capitalizing on the ongoing demand for housing in the Wildwood area. With proximity to major regional transit routes and local business districts, the site remains well-positioned for consistent occupancy within the local rental 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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