206 E Glenwood Avenue

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206 E 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 available for sale in Wildwood
  • Property consists of four distinct residential rental units
  • Situated within the coastal region of Cape May County
  • Asset type suitable for long-term or seasonal rental strategies
  • Positioned in a key residential and tourist-driven market

What's Special

Investors seeking a stabilized multifamily asset in a coastal market will find this 4-unit apartment building at 206 E Glenwood Avenue a functional addition to their portfolio. Located in Wildwood, New Jersey, this property benefits from the year-round activity and seasonal tourism demand inherent to this well-known shore destination. The local economy is bolstered by proximity to major regional coastal corridors, attracting both vacation renters and long-term residential tenants to the area. Each of the four units provides a practical layout suitable for standard rental occupancy in a established residential and resort submarket. The density and location offer potential for consistent rental income streams within a popular vacation region. Prospective buyers should consider the operational benefits of a compact, multi-family structure situated within easy access of the primary thoroughfares of the Jersey Shore. This asset is positioned to serve individuals or families relocating to the coast or seeking temporary housing options during peak summer months.

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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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