117 W Wisteria Road

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117 W Wisteria 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).

  • The multifamily asset is located at 117 W Wisteria Road.
  • This apartment building contains a total of two residential units.
  • The property is situated within the coastal community of Wildwood Crest.
  • Investors can leverage this asset for residential income generation strategies.
  • Wildwood Crest is a established submarket along the New Jersey coastline.

What's Special

Investors seeking to expand their residential portfolios in Wildwood Crest will find this two-unit apartment building at 117 W Wisteria Road a practical acquisition. The property provides a manageable asset size for those looking to capitalize on the coastal rental market in New Jersey, where demand for apartment housing remains consistent due to the regional seasonal economy and tourism. This multifamily structure is positioned well within a growing seaside community, making it suitable for long-term hold strategies or repositioning efforts to serve local residents and seasonal visitors. Wildwood Crest maintains a distinct residential character that draws interest from both year-round occupants and vacationers. Its proximity to the Atlantic coastline and established infrastructure makes this location a reliable option for property owners focusing on the southern Jersey Shore submarket. Whether maintaining the current configuration or exploring operational improvements, the building offers a straightforward entry point into the local housing sector.

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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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