143 E Spencer Avenue

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143 E Spencer 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).

  • The property is available for purchase in Wildwood, New Jersey.
  • This multifamily asset consists of four individual apartment units.
  • The building is situated in the coastal market of Cape May County.
  • The site offers investment potential for residential rental income strategies.
  • Wildwood supports a consistent population with seasonal economic activity.

What's Special

This multifamily apartment building at 143 E Spencer Avenue in Wildwood, New Jersey, is currently available for sale, presenting a practical addition to an investor portfolio. The property comprises four distinct units, providing a stabilized residential asset in a coastal market known for its seasonal activity and steady tourism-driven economy. Wildwood remains a well-known destination within Cape May County, benefiting from the consistent influx of visitors and a localized workforce requiring reliable housing options. Given the configuration of this building, it is suited for long-term rental income strategies or as a component of a diversified real estate investment approach. The location allows residents access to the broader regional amenities that define this section of the Jersey Shore. Prospective buyers focused on residential investment should consider the utility of this four-unit asset in a well-established 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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