114 W Heather Road

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114 W Heather 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).

  • Located at 114 W Heather Road in Wildwood Crest.
  • Multifamily apartment building available for sale.
  • Property features a total of 6 residential units.
  • Situated in a coastal New Jersey market area.
  • Suitable for long-term or seasonal rental strategies.

What's Special

Wildwood Crest is a coastal destination in Cape May County that experiences significant seasonal activity and consistent demand for short-term and year-round housing. The community maintains a suburban character typical of the Jersey Shore, characterized by proximity to the Atlantic Ocean and local recreational amenities. This multifamily asset provides 6 residential units, positioning it as a manageable addition to a local real estate portfolio. Apartment buildings of this scale in the region often serve as stable income vehicles, attracting tenants interested in the coastal lifestyle or seasonal employment opportunities within the shore tourism industry. The building structure supports various configuration options for long-term rental management. Prospective investors will find the asset fits within the broader residential landscape of the Wildwood area, where housing demand remains tied to both permanent residency and the robust regional tourism economy.

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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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