209 E Spencer Avenue

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209 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 located in Wildwood, New Jersey.
  • The property features a total of 19 residential units.
  • Well positioned within the active Wildwood real estate submarket.
  • Asset provides consistent rental income potential for investors.
  • Strategically situated for long-term residential housing demand.

What's Special

This multifamily asset consists of 19 units in Wildwood, New Jersey. Located within a coastal community known for its seasonal tourism economy, the property provides proximity to local residential infrastructure and regional transit routes. The building is positioned to serve a diverse pool of long-term tenants in this growing market area. Apartment buildings of this scale in the Wildwood submarket offer significant potential for investors seeking to expand their residential holdings. The current configuration supports stabilized rental operations, benefiting from consistent demand driven by the local employment base and proximity to the Jersey Shore. This asset presents a practical addition to a diversified investment portfolio focused on the mid-Atlantic region.

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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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