122 E Forget Me Not Road

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122 E Forget Me Not 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).

  • Multifamily apartment building available for sale in Wildwood Crest
  • Property consists of two distinct residential rental units
  • Located at 122 E Forget Me Not Road in New Jersey
  • Situated within the popular Cape May County coastal region
  • Asset type suitable for long-term hold or rental income strategies

What's Special

This two-unit multifamily apartment building at 122 E Forget Me Not Road provides a clear investment asset within the coastal environment of Wildwood Crest, New Jersey. The property serves as a stable residential acquisition in a sought-after shoreline community, known for its seasonal appeal and proximity to the Atlantic Ocean. Small-scale multifamily holdings in this region often attract long-term tenants or seasonal vacationers seeking convenient access to local beaches and regional attractions. Given the current configuration, the building functions as an efficient addition to a residential portfolio in a growing coastal submarket that maintains consistent demand from local residents and summer visitors. Investors focused on the Cape May County real estate market may find the scale of this asset manageable for professional management or value-add strategies. The location benefits from the steady economic activity inherent to established New Jersey shore towns, ensuring a reliable presence for those seeking residential rental income in a well-traversed vacation destination.

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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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