121 Cresse Avenue

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121 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).

  • Multifamily asset for sale in Wildwood, New Jersey
  • Three-unit apartment building located at 121 Cresse Avenue
  • Positioned within the active coastal 08260 zip code
  • Property suits investors focused on residential rental portfolios
  • Geographic location benefits from steady regional tourism demand

What's Special

This multifamily property in Wildwood, New Jersey, is currently for sale and suits investors seeking to expand their residential holdings in a coastal market. Located at 121 Cresse Avenue, the asset consists of three individual units. The Wildwood region remains a recognizable destination along the Jersey Shore, benefiting from steady seasonal tourism and a consistent demand for rental housing options near the Atlantic coast. Investors looking for a manageable income-producing asset may find this apartment building suitable for long-term hold strategies or portfolio diversification. Its position within the 08260 zip code places it within reach of regional transit routes and local commercial corridors that serve both residents and vacationers. Prospective buyers should evaluate the property according to current residential market conditions and local zoning regulations to determine how it fits into their broader investment objectives within this established shore community.

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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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