314 W Cresse Avenue

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314 W Cresse Avenue

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).

  • Three-unit multi-family apartment building available for purchase
  • Located at 314 W Cresse Avenue in Wildwood Crest
  • Property situated within the desirable South Jersey shore region
  • Asset profile suits vacation rentals or long-term lease models
  • Positioned in a coastal market with consistent seasonal demand

What's Special

Investors seeking to expand their portfolio in a coastal market will find this three-unit apartment building at 314 W Cresse Avenue a practical acquisition. Situated in Wildwood Crest, New Jersey, this asset provides a residential footprint within a well-known shore community that experiences steady seasonal demand. The property configuration supports efficient management for those targeting the vacation rental market or seeking long-term multi-family holdings in the Cape May County area. Wildwood Crest maintains a distinct appeal for regional tourism, driven by its proximity to beaches and boardwalk attractions. This coastal submarket benefits from consistent visitor patterns during the warmer months, making it a functional location for rental housing. The building size and unit count allow for streamlined operations, providing a straightforward addition to an existing income-producing portfolio. Buyers focused on the South Jersey real estate landscape will recognize the inherent value in this well-positioned multi-family asset.

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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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