111 W Wisteria Road

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111 W Wisteria Road

Wildwood Crest, NJ 08260-1204
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).

  • Three-unit multifamily apartment building available for purchase
  • Located at 111 W Wisteria Road in Wildwood Crest
  • Residential asset situated within the Cape May County submarket
  • Property density provides straightforward management for small-scale investors
  • Coastal New Jersey location supports consistent regional rental demand

What's Special

Wildwood Crest serves as a prominent coastal community in Southern New Jersey, attracting seasonal visitors and year-round residents alike. This multifamily apartment building, situated at 111 W Wisteria Road, is positioned within a established residential corridor of the region. The property consists of three individual units, offering a straightforward acquisition for investors focused on small-scale residential holdings in a beach-oriented market. Given the layout and unit count, the asset is suited for rental income generation, particularly catering to the demand for vacation housing or localized workforce housing. Its proximity to the coastline remains a primary driver for regional occupancy trends. The building presents a functional addition to a portfolio looking for exposure in the Cape May County submarket, balancing traditional residential utility with the economic influence of the coastal tourism industry.

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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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