141 W Crocus

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141 W Crocus

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
  • Asset features a two-unit configuration for residential use
  • Property is currently available for sale in the 08260 zip code
  • Positioned within a coastal market with consistent rental demand
  • Coordinates placed at 38.9808 latitude and -74.8329 longitude

What's Special

Investors seeking a turnkey multifamily asset will find value in this two-unit apartment building at 141 W Crocus in Wildwood Crest, New Jersey. This property provides a straightforward acquisition for those looking to expand their residential holdings in a coastal market known for its consistent seasonal demand and steady rental population. Its dual-unit configuration offers flexibility for an owner-occupant or a buy-and-hold investor aiming to capitalize on the region's appeal. Situated in the 08260 zip code, the building benefits from its proximity to the Atlantic coast, an area characterized by a robust summer tourism industry and a stable year-round community. The location provides convenient access to local infrastructure and the broader Cape May County economy. This asset functions well as a managed rental property, offering potential for steady cash flow in a desirable shore town. Its size and layout suit long-term residential leasing or conversion strategies tailored to the Wildwood Crest demographic.

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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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