417 E Monterey Avenue

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417 E Monterey 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).

  • Multifamily apartment building located in Wildwood Crest, NJ.
  • The residential property consists of two distinct units.
  • Positioned within the desirable 08260 coastal zip code.
  • Well-suited for residential investment or property management portfolios.
  • Located in an established Cape May County beach town.

What's Special

This multifamily apartment building contains 2 units in Wildwood Crest, New Jersey. Situated in a coastal community, the property is positioned within a well-known shore destination that benefits from seasonal tourism and a consistent local population. The layout is suitable for investors seeking a small-scale residential holding in the 08260 zip code area. Wildwood Crest provides an accessible environment for tenants and visitors alike, characterized by its proximity to the Atlantic coastline and established transit routes. An asset of this size serves as a functional addition to a residential portfolio, offering potential for long-term rental income or strategic asset management within this Cape May County 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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