222 E Cresse Avenue

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222 E Cresse 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).

  • Multifamily residential building located in Wildwood, New Jersey.
  • Property features a total of four individual apartment units.
  • Available for sale as a strategic residential investment asset.
  • Situated at 222 E Cresse Avenue with local area access.
  • Asset profile suits investors focused on multifamily rental housing.

What's Special

This multifamily apartment building at 222 E Cresse Avenue in Wildwood, New Jersey, is available for sale and presents a clear acquisition target for residential investors seeking income-generating assets. The property comprises four distinct units, providing a stabilized residential configuration that fits well within the coastal housing market. Situated in Wildwood, the location benefits from the steady seasonal population flux and long-term rental demand characteristic of this Cape May County municipality. Investors may find value in the current layout, which supports a straightforward management strategy for a smaller residential portfolio. Given the structure and unit density, this asset serves as a functional addition for those focused on localized apartment investments. Proximity to regional thoroughfares allows for accessible property maintenance and tenant management, maintaining standard operational utility for a coastal residential holding.

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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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