109 W Aster Avenue

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109 W Aster Avenue

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 located at 109 W Aster Avenue.
  • Property features a total of three individual rental units.
  • Situated within the coastal community of Wildwood Crest, New Jersey.
  • Asset provides potential for income through seasonal or annual rentals.
  • Well-positioned for investors targeting the Cape May County real estate market.

What's Special

Investors seeking to expand their residential holdings in Wildwood Crest will find this three-unit apartment building at 109 W Aster Avenue a practical addition to a portfolio. The property serves as a stable income-producing asset within this established coastal community in New Jersey. Known for its steady seasonal demand and proximity to the Atlantic coastline, the Wildwood Crest submarket supports consistent occupancy for well-managed multifamily properties. This asset type remains a staple for those targeting long-term housing solutions or seasonal rental models in a resort-oriented region. Its scale allows for manageable operations, making it an efficient choice for both seasoned investors and those entering the multifamily space. The location provides access to the broader Cape May County economic landscape, which relies heavily on tourism and service-sector industries. Prospective buyers can leverage the existing density to maintain occupancy levels throughout the year or tailor the units to meet specific vacation rental requirements typical of this coastal area.

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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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