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).

  • Located at 124 Seaspray Court in North Wildwood New Jersey
  • Multifamily asset consisting of two individual apartment units
  • Situated within the popular Cape May coastal region
  • Suitable for residential investment or property management expansion
  • Positioned in a region with seasonal rental housing demand

What's Special

This two-unit multifamily apartment building is situated at 124 Seaspray Court in North Wildwood, New Jersey. North Wildwood serves as a coastal destination within the Cape May region, experiencing seasonal population growth and steady demand for residential housing. The area maintains a character defined by its proximity to the Atlantic shoreline and access to regional transit routes connecting through South Jersey. Investors may view this asset as a practical addition to a local residential portfolio, suitable for long-term rental income or potential conversion strategies depending on local zoning regulations. The compact scale of this property allows for streamlined management compared to larger apartment complexes. Prospective buyers should consider the specific advantages of the coastal market and the consistent interest in multi-unit living arrangements found in this part of the state.

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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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