184 E Wyoming Avenue

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184 E Wyoming Avenue

Absecon, NJ 08201
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).

  • Two-unit apartment building located in Absecon New Jersey
  • Multifamily asset situated at 184 E Wyoming Avenue
  • Property located within the Atlantic City metropolitan area
  • Asset suitable for long-term residential rental income
  • Established residential location with access to regional transit

What's Special

This two-unit multifamily property sits at 184 E Wyoming Avenue in Absecon, New Jersey. The apartment building provides an investment vehicle in a quiet residential sector of Atlantic County. Absecon benefits from its proximity to major regional roadways and the coastal economy of the Atlantic City metropolitan area, which serves as a central hub for tourism and gaming employment in the region. The manageable size of the asset allows for direct management or a straightforward addition to a local residential portfolio. Potential investors may utilize the property for long-term rental income or potential owner-occupancy arrangements. Its positioning in a growing suburban market offers reliable access to local services and commuter transit routes while maintaining a neighborhood atmosphere suited for stable tenant retention. The building structure integrates into the existing local housing stock, offering a functional configuration for residential occupants.

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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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