5009 Pacific Avenue

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5009 Pacific Avenue

Wildwood, NJ 08260-4590
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).

  • Six-unit multifamily apartment building available for purchase
  • Located at 5009 Pacific Avenue in Wildwood, New Jersey
  • Positioned within a busy coastal residential and vacation market
  • Asset provides potential for consistent rental income streams
  • Well-suited for investors focusing on residential property management

What's Special

Investors seeking a stabilized multifamily asset in a coastal market will find this six-unit apartment building at 5009 Pacific Avenue a practical addition to an investment portfolio. Located in Wildwood, New Jersey, the property sits within a vibrant shore community that experiences significant seasonal activity and consistent year-round demand for residential housing. This asset type is well-suited for long-term rental income strategies, particularly given the layout that supports efficient management of multiple tenant units. The property location provides proximity to local infrastructure and the regional amenities that characterize the Jersey Shore submarket. Maintaining residential inventory in this area remains a steady approach for those looking to capitalize on both seasonal workforce housing needs and permanent coastal residents. Its configuration offers flexibility for landlords aiming to optimize occupancy rates in a densely populated island borough. Prospective buyers can leverage the existing density to streamline operations while benefiting from the regional appeal of the Wildwood area.

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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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