213 E Heather Road

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213 E Heather 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).

  • Multi-family apartment building situated in Wildwood Crest, New Jersey
  • The property features a total of four individual rental units
  • Located at 213 E Heather Road within the 08260 zip code
  • Ideal asset for investors targeting the Jersey Shore rental market
  • Positioned in a region with high demand for seasonal housing

What's Special

Investors seeking a multi-family asset in a coastal market will find this 4-unit apartment building at 213 E Heather Road a practical addition to an investment portfolio. Located in Wildwood Crest, New Jersey, the property benefits from a region characterized by its seasonal tourism and steady demand for residential housing. The asset serves as a functional vehicle for long-term rental income or potential vacation rental operations given the proximity to shore-based leisure activities. Wildwood Crest maintains a distinct demographic appeal, drawing both permanent residents and summer visitors, which supports consistent occupancy rates for well-positioned rental properties. This apartment building is suited for an owner-operator or an investor aiming to expand their residential holdings within the Cape May County area. Its location provides accessibility to local infrastructure and the broader transit network serving the Jersey Shore, making it a viable choice for tenants looking for coastal residential space in a community-focused submarket.

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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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