209 E Spencer Avenue

Share this listing

Pre-formatted captions, a short link, and a QR code β€” ready to paste.

Share image
Sized for LinkedIn Β· 1200Γ—627 β€” matches the caption above.
Rendering preview…

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 available for sale in Wildwood
  • Total asset capacity consists of 19 individual units
  • Located at 209 E Spencer Avenue in New Jersey
  • Coastal site serving the demand for residential rental housing
  • Situated within the popular Cape May County market area

What's Special

Investors seeking to expand their residential holdings will find this 19-unit multifamily apartment building a functional addition to a portfolio in Wildwood, New Jersey. The property provides a stable residential base in a coastal market that serves both seasonal visitors and long-term residents. Situated within the established neighborhoods of Cape May County, the building benefits from the consistent demand for rental housing typical of this Atlantic shoreline region. With nearly two dozen residential units, the asset allows for efficient property management and steady cash flow potential. Its strategic location on East Spencer Avenue provides accessibility to local infrastructure and the broader regional economy, which relies heavily on tourism and service-based commerce. The building represents a clear opportunity for operators to capitalize on the ongoing need for multifamily housing in a well-traveled beach community.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates β€” verify with your lender and accountant.

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

Location & Travel Times