209-211 E Farragut Road

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209-211 E Farragut 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 available for purchase in Wildwood Crest
  • Asset features a two-unit residential layout for versatile use
  • Located at 209-211 E Farragut Road in coastal New Jersey
  • Positioned within a popular destination with consistent seasonal housing demand
  • Manageable size suitable for varied investment and rental strategies

What's Special

This multifamily apartment building for sale in Wildwood Crest, New Jersey, presents a functional acquisition for investors seeking residential holdings in a coastal market. Situated at 209-211 E Farragut Road, the property contains two distinct units. Wildwood Crest remains a popular destination along the Jersey Shore, benefiting from consistent seasonal tourism and a stable year-round community. This asset type is well-suited for a variety of investment strategies, including long-term rental income generation or potential owner-occupancy scenarios. As a manageable two-unit residential structure, it offers a straightforward entry point into the local housing market. Prospective buyers looking for smaller-scale real estate assets will find this location provides proximity to coastal amenities and established residential neighborhoods. The regional economy relies heavily on tourism, which supports a steady demand for rental housing throughout the warmer months and beyond. Investors often target this submarket for its accessibility and consistent regional appeal within the greater Cape May County area.

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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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