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).

  • Residential multifamily building located in West Wildwood, New Jersey
  • Asset consists of two distinct rental apartment units
  • Property situated at 650 W Glenwood Avenue in the 08260 zip code
  • Investment opportunity within a recognized coastal residential submarket
  • Suitable for residential rental income or portfolio expansion

What's Special

This two-unit multifamily apartment building at 650 W Glenwood Avenue in West Wildwood, New Jersey, presents a residential investment asset. The property sits within a coastal community known for its seasonal tourism and steady rental demand, providing a stable foundation for operators seeking a manageable multi-family holding. West Wildwood offers proximity to regional shore attractions and major transportation corridors serving the broader South Jersey market. Apartment buildings of this scale are well-suited for long-term rental income or potential repositioning strategies. The location benefits from a demographic profile common to coastal submarkets where housing density is balanced by recreational access. Investors targeting small-scale residential portfolios will find this site serves as a functional addition to an existing revenue-generating strategy. The asset remains situated within a stable neighborhood environment, allowing for consistent property management and potential tenant appeal.

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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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