109 W Cresse Avenue

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109 W Cresse Avenue

Wildwood, 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).

  • Located at 109 W Cresse Avenue in Wildwood
  • Multifamily apartment building featuring two distinct units
  • Situated within the accessible Cape May County region
  • Asset suitable for residential investment or housing portfolios
  • Positioned in a coastal market with seasonal activity

What's Special

This two-unit multifamily property stands at 109 W Cresse Avenue in Wildwood, New Jersey. Situated in a coastal market known for its seasonal tourism and steady regional appeal, the apartment building provides a straightforward investment asset within this growing suburban landscape. The structure encompasses two distinct rental units, offering a manageable scale for investors seeking to build or expand their residential holdings in the Cape May County area. Multifamily assets in this submarket often cater to long-term residents or seasonal workers, making this a functional addition to a local housing portfolio. The configuration allows for flexible leasing strategies, whether serving as a primary investment vehicle or as part of a larger residential operation. Its positioning provides proximity to the regional amenities and transit corridors that define the Wildwood area, ensuring continued relevance in a consistently active rental environment.

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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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