109 E Preston Road

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109 E Preston Road

Wildwood Crest, 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 Wildwood Crest.
  • Property consists of two distinct residential rental units.
  • Located within the 08260 zip code of New Jersey.
  • Suitable investment for small-scale residential rental portfolios.
  • Asset is situated in a prominent coastal New Jersey market.

What's Special

This multifamily asset in Wildwood Crest, New Jersey, is currently available for sale and serves as an efficient investment for those looking to expand their residential holdings. Comprising two units, the apartment building fits well into the coastal real estate market, offering a steady income stream for investors focused on small-scale residential properties. Its position in the 08260 zip code places it within a popular regional destination known for its seasonal tourism and steady growth in the coastal submarket. Building owners and investors often find these configurations suitable for long-term rental models or seasonal housing strategies. The site provides a direct opportunity to acquire a manageable multi-unit building in a well-established area. Capitalizing on the residential demand within Wildwood Crest, this property represents a straightforward addition to any portfolio centered on housing assets in New Jersey.

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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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