1279 Wilson Drive

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1279 Wilson Drive

Lower Township, NJ 08204
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 available for purchase in Lower Township
  • Asset configuration includes two separate rental residential units
  • Located within the coastal region of Cape May County
  • Suitable for an investor focused on small residential holdings
  • Proximity to major regional routes supports consistent tenant interest

What's Special

This multifamily apartment building at 1279 Wilson Drive in Lower Township, New Jersey, is currently available for sale. The property consists of two distinct residential units, making it an appropriate acquisition for an investor seeking a manageable asset in a coastal community. Lower Township benefits from its proximity to the Atlantic shoreline and Cape May, providing a consistent demand for housing from both year-round residents and seasonal visitors in this established regional market. Investors may consider this property for a traditional buy-and-hold strategy, leveraging the residential rental potential of the building. The scale of this asset allows for straightforward management while contributing to a residential portfolio in the Cape May County area. Its location supports various housing needs within the local community, and the structure is well-positioned to serve long-term occupants seeking access to the amenities and regional economy of the southern New Jersey coastline.

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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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