208 E Spencer Avenue

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208 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).

  • Four-unit multifamily apartment building available for sale in Wildwood
  • Located at 208 E Spencer Avenue in the 08260 zip code
  • Asset provides direct entry into the coastal residential rental market
  • Property is situated in a established New Jersey seaside community
  • Building configuration supports residential management and investment leasing strategies

What's Special

Investors seeking a multi-family asset in a coastal market will find this four-unit apartment building at 208 E Spencer Avenue in Wildwood, New Jersey, a practical addition to an investment portfolio. The property supports residential rental operations in a region known for its high seasonal demand and established local economy. As a dense, well-traveled barrier island, Wildwood serves as a primary hub for visitors and long-term residents along the Jersey Shore, ensuring consistent interest in well-positioned rental housing. This configuration offers utility for buyers targeting income-generating residential real estate. Its current structure accommodates tenant occupancy, allowing for immediate management of the four individual units. The location provides proximity to the regional amenities that define the Wildwood submarket, making it a functional choice for those focused on stable apartment operations. This asset integrates into the broader residential landscape of the area, providing a standard multifamily housing option for the local population.

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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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