107 E Magnolia Avenue

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107 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).

  • Five-unit multifamily residential property for sale
  • Located at 107 E Magnolia Avenue in Wildwood
  • Asset positioned within a prominent shore submarket
  • Suitable for residential rental or seasonal housing
  • Connected to regional transit via local area roads

What's Special

This multifamily apartment building contains five residential units and is situated in the coastal city of Wildwood, New Jersey. Located at 107 E Magnolia Avenue, the asset serves the local housing market within a popular shore destination known for its seasonal tourism economy and accessible beachside lifestyle. The property structure is well-positioned for an investor seeking to manage a small-scale residential rental portfolio in a high-traffic regional market. Given the layout and unit count, this building provides a straightforward opportunity for long-term hold strategies or vacation rental conversions. Proximity to local thoroughfares ensures connectivity to the broader Cape May County area, supporting consistent demand from both year-round tenants and seasonal visitors to the Jersey Shore.

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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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