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).

  • Multifamily apartment building located in Wildwood, New Jersey.
  • The property contains a total of 6 individual units.
  • Positioned on E Magnolia Avenue within the local market.
  • Well-suited for residential rental operations and portfolio growth.
  • Benefits from the stable economic environment of the Jersey Shore.

What's Special

Wildwood serves as a prominent destination within the coastal landscape of New Jersey, characterized by its steady seasonal activity and stable local population. Situated at 107 E Magnolia Avenue, this multifamily apartment building provides a defined housing asset within the market. The property consists of 6 units, positioning it for investors seeking residential income streams in this well-established beach town. Given the layout and the nature of the coastal submarket, this asset is well-suited for long-term rental operations or strategic portfolio expansion. The demand for housing in this region remains supported by the broader economic climate of the Jersey Shore, ensuring consistent interest from residents. Proximity to local thoroughfares and area attractions enhances the functional appeal of this building for prospective tenants and property managers alike. This multifamily offering represents a straightforward addition to an investment portfolio, leveraging the inherent characteristics of the Wildwood residential sector.

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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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