235 E Magnolia Avenue

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235 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 at 235 E Magnolia Avenue
  • The property consists of two distinct residential units
  • Situated within the coastal city of Wildwood New Jersey
  • Suitable for residential rental income or seasonal vacation leasing
  • Positioned in a region with high regional tourism demand

What's Special

Investors seeking an entry into the Wildwood, New Jersey multifamily market will find this two-unit apartment building at 235 E Magnolia Avenue a practical addition to a residential portfolio. Located in a coastal community known for its tourism-driven economy and seasonal rental demand, this asset is well-positioned for those looking to manage residential rentals in a popular shore destination. The property layout supports immediate operation as a dual-unit income stream, fitting for long-term residential housing or potential seasonal vacation leasing. Wildwood remains a consistent draw for regional travelers and residents alike, benefiting from a robust infrastructure that supports year-round and vacation-heavy occupancy. As a tangible asset in an established seaside submarket, this multifamily building provides a clear opportunity for owners to capitalize on the region's appeal. Prospective buyers should evaluate local rental market conditions to align their management strategy with the property's configuration.

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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

Location & Travel Times