321 W Cresse Avenue

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321 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).

  • Located at 321 W Cresse Avenue in Wildwood, New Jersey
  • Multifamily asset comprised of two individual apartment units
  • Positioned within an active Cape May County coastal market
  • Suitable for long-term residential or seasonal rental strategies
  • Asset maintains a compact two-unit residential building layout

What's Special

This two-unit multifamily apartment building at 321 W Cresse Avenue provides a straightforward residential investment in Wildwood, New Jersey. Situated in a well-known coastal destination, the property benefits from the steady seasonal demand and year-round residential character that defines this Cape May County region. Investors seeking a small-scale addition to their portfolio will find the duplex configuration provides clear utility for both long-term rental income or potential short-term occupancy strategies. The asset maintains a presence within a localized market that experiences consistent activity from both local residents and visitors drawn to the regional beaches and boardwalk attractions. With a compact footprint, the building represents a manageable entry point into the Southern New Jersey housing market. Future owners can leverage the demand for housing in this established community, where rental inventory remains essential for the service-oriented economy supporting the shoreline 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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