117 W Lavender Road

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117 W Lavender 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 117 W Lavender Road in Wildwood Crest
  • Multifamily apartment building containing two individual residential units
  • Asset is currently available for purchase within the market
  • Property situated in a desirable coastal New Jersey borough
  • Suitable for long-term tenancy or seasonal vacation rental usage

What's Special

This two-unit multifamily property sits at 117 W Lavender Road in the coastal community of Wildwood Crest, New Jersey. The building serves as an established residential asset within this popular shore town, known for its steady seasonal population and proximity to regional beaches. Investors often target these apartment buildings for their potential as long-term rentals or as updated vacation housing to capture local tourist demand. Wildwood Crest provides a distinct environment that attracts both year-round residents and summer visitors, supporting the demand for well-maintained multifamily inventory. Prospective owners may utilize the dual-unit configuration for diversified income streams or evaluate the property for conversion to seasonal vacation rentals to maximize yield throughout the busy summer months. This asset represents a straightforward opportunity to enter a consistent coastal market in the southern part of the state.

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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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