129 E Primrose Road

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129 E Primrose 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 purchase in Wildwood Crest.
  • Property consists of three individual residential units.
  • Located in a prominent Jersey Shore coastal municipality.
  • Asset suitable for long-term residential investment portfolios.
  • Positioned within the established Cape May County market.

What's Special

This multifamily apartment building for sale in Wildwood Crest, New Jersey, presents a stable acquisition target for investors focused on the coastal residential market. With three total units, the property provides an manageable entry point for those seeking to build or expand a regional portfolio in a popular beach destination. The asset is well-situated within the local municipality, drawing on the steady demand for rental housing common in this part of Cape May County. Its scale is well-suited for long-term residential leasing or potential repositioning strategies. Wildwood Crest maintains a distinct character within the Jersey Shore region, characterized by its residential focus and proximity to regional recreational hubs. The area experiences seasonal influxes while maintaining a consistent base of year-round residents, creating a diverse tenant pool. This property benefits from its positioning in an established community, offering a pragmatic option for buyers targeting income-generating residential real estate in a reliable coastal environment.

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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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