650 W Glenwood Avenue

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650 W Glenwood Avenue

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 located at 650 W Glenwood Avenue
  • Asset features a total of two residential rental units
  • Property situated within the coastal borough of West Wildwood
  • Regional economy supported by consistent seasonal tourism demand
  • Direct access to regional transit routes through Cape May County

What's Special

The apartment building at 650 W Glenwood Avenue in West Wildwood, New Jersey, consists of two units. Situated in a coastal community, this asset serves as a functional multifamily investment within the Cape May County submarket. The area maintains steady appeal due to its proximity to seasonal attractions and regional tourism, supporting demand for local rental housing. This property presents a straightforward addition to an investment portfolio, suitable for long-term residential leasing or conversion options depending on local regulatory alignment. The structure provides a manageable scale for owners looking to establish a presence in this specific market. Its location allows tenants access to the broader amenities of the Wildwoods, while providing proximity to major regional roadways that facilitate commuting throughout the southern New Jersey coastline.

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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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