135 W Crocus Road

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135 W Crocus 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).

  • Residential multifamily apartment building located in Wildwood Crest, New Jersey.
  • The property consists of three distinct residential rental units.
  • Situated within the popular coastal tourism market of Cape May County.
  • Opportunity for investors to acquire multi-family housing in a shore town.
  • Accessible location for year-round or seasonal residential management strategies.

What's Special

Wildwood Crest serves as a prominent coastal community in the southern New Jersey region, attracting seasonal residents and year-round tenants alike. This three-unit apartment building located at 135 W Crocus Road presents a residential investment opportunity within this established shore town. The property structure is designed to accommodate multiple households, providing a functional footprint for income generation or management within a compact beach-oriented market. Investors looking to expand their portfolio in Cape May County will find this asset well-positioned for those seeking to capitalize on the consistent demand for multi-family housing in proximity to the Atlantic coast. The layout supports efficient residential operations for landlords, while the submarket remains anchored by its tourism-driven economy and residential appeal. This acquisition provides a straightforward entry point for owners interested in the multi-family sector within a recognizable and accessible Jersey Shore municipality.

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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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