132 W Cresse Avenue

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132 W Cresse Avenue

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 asset located at 132 W Cresse Avenue in Wildwood Crest.
  • The apartment building consists of two distinct residential units.
  • Property is currently positioned for sale in a coastal New Jersey market.
  • Suitable investment for residential rental or local vacation housing needs.
  • Situated within the established community of Wildwood Crest, New Jersey.

What's Special

This two-unit multifamily apartment building situated at 132 W Cresse Avenue in Wildwood Crest provides a functional investment asset in a well-established coastal market. The property serves as a practical option for investors looking to expand a residential portfolio in this sought-after New Jersey shore community. Its size allows for efficient management, making it suitable for long-term hold strategies or vacation rental operations. Wildwood Crest maintains a stable residential character, drawing consistent interest from those seeking proximity to the Atlantic coast. The local economy benefits from regional tourism patterns and a steady year-round population. Business buyers and investors may consider the site for various residential configurations, taking advantage of the manageable unit count within this specific submarket. The layout and location offer clear opportunities for capital appreciation through standard management practices in this popular seaside borough.

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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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