136 W Morning Glory Road

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136 W Morning Glory 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 located in Wildwood Crest, New Jersey.
  • The property features a total of three residential units.
  • Situated within the established Cape May County coastal real estate market.
  • Asset provides potential for various long-term or seasonal rental strategies.
  • The building is currently available for purchase by qualified investors.

What's Special

Wildwood Crest is a coastal destination in Cape May County that experiences significant seasonal activity and steady year-round residency. Positioned at 136 W Morning Glory Road, this multifamily apartment building serves as a tangible asset within a popular shore community known for its tourism-driven economy and accessible beach frontage. The property contributes to the local housing stock by providing residential options in an established neighborhood setting. Comprising three distinct units, this building offers an entry point for investors targeting the coastal rental market. The configuration supports various strategies, including long-term leasing for local professionals or potential seasonal occupancy depending on management goals. Its placement within the borough ensures proximity to regional amenities and the characteristic pace of life found along the New Jersey coastline. Prospective buyers will find this an functional addition to a portfolio focused on multifamily residential real estate in a supply-constrained seaside 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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