218 E Glenwood Avenue

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218 E Glenwood Avenue

Wildwood, NJ 08260-4916
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land asset located at 218 E Glenwood Avenue
  • Prime building site situated in the city of Wildwood
  • Asset accommodates various residential development and construction projects
  • Located within the coastal region of Cape May County
  • Property offers a foundation for new housing inventory development

What's Special

This residential land in Wildwood, New Jersey, presents a purchase option for developers or private buyers seeking a site for new construction. Situated at 218 E Glenwood Avenue, the parcel sits within a well-established coastal community known for its seasonal tourism and proximity to regional beaches. The location serves as a versatile foundation for projects ranging from single-family dwellings to multi-unit configurations tailored to the local housing market. Wildwood remains a consistent destination along the Jersey Shore, benefiting from steady annual visitor traffic and a stable year-round population base. Access to major thoroughfares in Cape May County supports efficient connectivity to surrounding towns. Prospective owners can utilize this site to contribute to the residential inventory in a prime shore submarket, providing long-term value in an area defined by its recreational appeal and historic character.

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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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