103 E Magnolia Avenue

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103 E Magnolia 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 residential building located in Wildwood, New Jersey.
  • The property consists of three individual apartment units.
  • Positioned in the coastal market of Cape May County.
  • Well-suited for long-term or short-term residential rental strategies.
  • Asset maintains a central location at 103 E Magnolia Avenue.

What's Special

Investors seeking an income-generating multifamily asset in Wildwood will find this three-unit apartment building at 103 E Magnolia Avenue a practical addition to a coastal investment portfolio. The property supports a residential rental strategy within a popular shore destination known for its seasonal tourism and steady year-round population. Its design provides flexibility for long-term residential housing or potential short-term rental arrangements, depending on local regulatory alignment. Wildwood remains a consistent draw for visitors and residents alike due to its accessible Atlantic coastline, regional boardwalk attractions, and established commercial infrastructure. This multifamily property captures the demand for residential housing in a high-traffic New Jersey shore submarket. Buyers looking to leverage the regional economic activity and the appeal of the Cape May County housing market will appreciate the scale and functional utility of this asset.

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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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