646 W Glenwood Street

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646 W Glenwood Street

West 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 purchase in West Wildwood
  • Property consists of 3 distinct residential rental units
  • Located in a coastal New Jersey residential market
  • Suitable asset for investors targeting residential income streams
  • Situated within the 08260 zip code of Cape May County

What's Special

This multifamily property at 646 W Glenwood Street in West Wildwood, New Jersey, is currently available for purchase and represents a stable acquisition for investors seeking residential holdings in a coastal market. The asset functions as an apartment building comprising 3 individual units, offering a straightforward management profile suitable for both seasoned real estate portfolio owners and those entering the income-generating property market. Situated within the Cape May County region, the property benefits from the seasonal population influx and the steady demand for rental housing typical of shore-adjacent communities. Prospective owners might consider the potential for long-term hold strategies or unit improvements to enhance occupancy stability. Its location provides convenient access to local infrastructure and regional thoroughfares, supporting reliable access for residents throughout the year. The building footprint is well-suited for a compact investment strategy, providing essential housing density in a residential-focused neighborhood of West Wildwood.

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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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