137 E Spicer Avenue

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137 E 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 in Wildwood, New Jersey
  • Asset features 18 individual rental units
  • Located at 137 E Spicer Avenue, zip code 08260
  • Property situated within a significant coastal tourism market
  • Positioned for income-generating residential investment strategies

What's Special

This 18-unit multifamily apartment building sits in Wildwood, New Jersey. Located at 137 E Spicer Avenue, the property operates within a key coastal destination known for its tourism-driven economy and seasonal population growth. The asset provides a stable addition to a portfolio, positioned to serve the diverse housing needs of the local community or seasonal workers and visitors. Multifamily investments in this region benefit from the consistent demand for rental housing near the Atlantic coastline. The building represents an opportunity for investors to acquire a established residential asset in a well-trafficked submarket. Prospective buyers can leverage the existing scale of the units to support long-term rental income strategies or explore value-add improvements to align with the evolving standards of the Wildwood rental market. Its configuration allows for efficient management, making it a functional holding for those focused on income-generating residential real estate in Southern New Jersey.

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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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