205 E Spencer Avenue

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205 E Spencer Avenue

Wildwood, NJ 08260-4745
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 available for purchase in Wildwood, New Jersey.
  • The site encompasses a total of 17 residential units.
  • Located at 205 E Spencer Avenue within the 08260 zip code.
  • Property situated in a key New Jersey coastal market area.
  • Asset provides an established residential footprint for potential investors.

What's Special

Wildwood serves as a prominent coastal community within the New Jersey shore region, maintaining a steady demand for residential accommodations. This multifamily property, situated at 205 E Spencer Avenue, provides a residential footprint within this established market. The site features an apartment building containing 17 units, positioning the asset for investors seeking to capture rental demand in a highly seasonal and tourist-driven economy. The layout of these units allows for flexibility in long-term leasing strategies or potential repositioning to suit varying residential needs. With its location in the 08260 zip code, the building benefits from proximity to regional transit arteries and the local commercial corridors that define this Jersey Shore municipality. The scale of the property offers a stabilized operational profile for those looking to manage a mid-sized asset in a coastal 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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