401 W Cresse Avenue

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401 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 apartment building available for sale in Wildwood.
  • Property features two total residential rental units.
  • Located on West Cresse Avenue in Cape May County.
  • Suitable for an investor focused on coastal residential rental assets.
  • Provides potential for income generation in a seasonal market.

What's Special

Investors seeking an income-generating multifamily asset in Wildwood, New Jersey, may consider this two-unit apartment building at 401 W Cresse Avenue. The property represents a manageable addition to a residential or investment portfolio within the Cape May County coastal market. This region experiences significant seasonal activity and maintains consistent demand for housing among both year-round residents and seasonal visitors. Its location provides proximity to local infrastructure and the broader amenities characterizing this shore community. The asset is well-suited for an owner-operator or a passive investor looking to leverage the rental potential of a small-scale multi-unit building in an established neighborhood. This property serves as a functional entry point for those aiming to capitalize on the coastal rental 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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