209 E Crocus Road

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209 E 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).

  • Five-unit multifamily asset situated in Wildwood Crest, New Jersey.
  • Located at 209 E Crocus Road within a coastal shore community.
  • Property represents a viable opportunity for residential rental income generation.
  • The building features a manageable scale for various investment profiles.
  • Asset benefits from strong seasonal demand characteristic of the region.

What's Special

Investors seeking to expand a residential portfolio in a coastal setting will find this five-unit apartment building at 209 E Crocus Road a functional addition. Located in Wildwood Crest, New Jersey, the asset operates within a popular shore community that experiences significant seasonal activity and consistent demand for rental housing. The property offers a stable layout suitable for long-term residential leasing or conversion into a seasonal rental strategy common throughout the Cape May County region. Residents in this area benefit from proximity to local beaches and the recreational infrastructure defining this segment of the Jersey Shore. This multifamily building presents a manageable scale for independent owners or regional operators looking to establish a foothold in a established seaside market. Its placement near key transit corridors allows for efficient access to surrounding towns and regional amenities. The building provides a clear opportunity to capitalize on the steady population influx that characterizes the summer months and the ongoing necessity for housing in this coastal suburb.

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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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