124 Seaspray Court

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124 Seaspray Court

North 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 available for purchase in North Wildwood
  • Asset contains a total of 2 individual rental units
  • Located at 124 Seaspray Court in the 08260 zip code
  • Well-positioned for investors targeting coastal residential real estate markets
  • Property sits near key regional infrastructure and local attractions

What's Special

This multifamily apartment building for sale at 124 Seaspray Court serves as a functional addition to an investment portfolio for those targeting the North Wildwood market. The asset features 2 units, providing a straightforward residential holding in a well-traveled coastal destination known for its seasonal tourism and steady rental demand. Proximity to local attractions and the regional coastline supports long-term occupancy prospects for individual renters or vacationers visiting this growing southern New Jersey beach community. Positioned within North Wildwood, this property benefits from the area's established infrastructure and popularity during the warmer months. Investors looking to capitalize on the local housing landscape will find this site suitable for various management strategies, ranging from traditional year-round leasing to potential short-term rental models. The site coordinates of 39.0183, -74.7953 place it within reach of key local thoroughfares and amenities, ensuring accessibility for residents and efficient oversight for property owners managing day-to-day operations in this coastal 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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