309 W CRESSE Avenue

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309 W 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 asset located at 309 W Cresse Avenue in Wildwood
  • Property consists of two distinct residential rental units
  • Offered for sale within a prominent South Jersey shore market
  • Suited for investors seeking small-scale residential income opportunities
  • Positioned within Cape May County near local coastal amenities

What's Special

This multifamily apartment building at 309 W Cresse Avenue in Wildwood, New Jersey, is currently available for sale, presenting a steady addition for a residential investment portfolio. The property consists of two units, providing a manageable scale for investors looking to expand their footprint in a coastal submarket. Wildwood serves as a prominent vacation destination in the region, drawing significant seasonal interest and a stable local population base. Investors might consider this asset for long-term rental income or as a strategic hold within a diversified real estate strategy. Its location within Cape May County allows proximity to local infrastructure and regional transportation networks that support both permanent residents and summer seasonal activity. Given the unit configuration, the property accommodates versatile rental models suitable for the current demand within the South Jersey shore market.

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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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