220 W Glenwood Avenue

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220 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 available for purchase in Wildwood.
  • Property located at 220 W Glenwood Avenue in New Jersey.
  • Asset structure consists of two individual residential units.
  • Strategically positioned within the active Cape May County region.
  • Suitable investment option for residential property managers or private buyers.

What's Special

This multifamily apartment building for sale at 220 W Glenwood Avenue in Wildwood presents a functional investment option for local housing providers or private investors seeking a straightforward residential asset. The property consists of two units, offering potential for rental income or a value-add strategy in this coastal New Jersey market. Wildwood serves as a prominent seasonal destination and a consistent residential hub within the Cape May region, benefiting from a steady flow of visitors and a core local population base throughout the year. The structure is well-positioned for those looking to expand their presence in the local real estate landscape. Given its composition, this asset serves as a practical choice for investors focused on small-scale residential holdings or those managing a portfolio of multi-family dwellings in the submarket. The layout allows for a clear, manageable approach to rental management while leveraging the regional popularity of the Wildwood area as a destination for both short-term stays and year-round residency.

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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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