114 E Monterey Avenue

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114 E Monterey 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 in Wildwood Crest, New Jersey.
  • The property consists of two individual residential units.
  • Located at 114 E Monterey Avenue in the 08260 zip code.
  • Well-suited for investors pursuing residential rental opportunities.
  • Benefits from a prime position in a popular coastal market.

What's Special

Investors seeking to expand their residential portfolio will find value in this two-unit apartment building located at 114 E Monterey Avenue. Situated in Wildwood Crest, New Jersey, the property serves as a stable asset within a coastal market known for seasonal demand and steady occupancy rates. The structure is well-positioned for those looking to manage a manageable multifamily investment in a region characterized by its tourist-driven economy and accessible seaside location. Its layout is suited for long-term rental strategies or as a potential seasonal vacation residence for property owners balancing income generation with personal use. As part of a popular South Jersey shoreline destination, this multifamily asset benefits from the area's ongoing appeal to visitors and residents alike, offering a predictable pathway for entry into the local housing market.

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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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