140 W Morning Glory Road

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140 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.
  • Positioned within an established coastal residential neighborhood in Cape May.
  • Suitable for investors targeting small-scale multifamily residential assets.
  • Located at 140 W Morning Glory Road in the 08260 zip code.

What's Special

This three-unit multifamily asset is situated at 140 W Morning Glory Road in Wildwood Crest, New Jersey. The property provides a straightforward investment option within a coastal submarket known for its steady seasonal demand and proximity to the Atlantic shoreline. Apartment buildings of this scale in the region serve as primary residences for locals or as rental housing for the area's service and tourism workforce. Investors seeking to expand a residential portfolio in a well-established New Jersey shore community may find this configuration particularly functional for long-term hold strategies. The location benefits from the general accessibility of Cape May County, which continues to attract interest due to its balanced combination of quiet suburban living and immediate access to major regional beach destinations. Future owners can manage the property as a standard rental operation, catering to the ongoing demand for housing in this specific coastal corridor.

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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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