118 W Glenwood Avenue

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118 W Glenwood 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 at 118 W Glenwood Avenue
  • Asset consists of three separate rental units
  • Property situated in the coastal municipality of Wildwood
  • Positioned within the active Cape May County real estate market
  • Suitable for investors targeting small-scale residential rental properties

What's Special

This multifamily apartment building contains three units in the coastal city of Wildwood, New Jersey. Situated in a popular shore community, the property benefits from the area's seasonal tourism economy and its established residential base. The location provides proximity to the regional beaches and the local commercial corridor, making it a functional choice for residential housing or investment purposes. Investors looking for a small-scale asset in Cape May County will find this building positioned to serve the year-round rental market. The layout supports efficient property management and caters to those seeking apartments within a walkable coastal environment. As Wildwood continues to serve as a hub for both permanent residents and summer visitors, this asset type remains a staple for diversified real estate portfolios in the southern New Jersey market.

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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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