128-130 W Spicer Avenue

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128-130 W Spicer 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 apartment building located at 128-130 W Spicer Avenue
  • Asset contains 2 units available for investment purchase
  • Situated in the coastal city of Wildwood, New Jersey
  • Market features high seasonal demand for residential rentals
  • Functional residential asset located in Cape May County

What's Special

This multifamily apartment building at 128-130 W Spicer Avenue in Wildwood, New Jersey, is currently available for sale, presenting an entry point for investors focused on shore-based residential properties. The asset consists of 2 units in a coastal market known for its seasonal population and tourism-driven economy. Wildwood serves as a primary hub for visitors to the Jersey Shore, creating a consistent demand for rental housing across both summer and year-round durations. Real estate in this municipality often benefits from proximity to regional attractions and the Atlantic coastline, making it a functional addition to a portfolio seeking residential yield. Buyers interested in residential management or local housing acquisition will find this asset aligns with traditional multifamily operations in the 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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