301 E Magnolia Avenue

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301 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 available for sale in Wildwood
  • Asset consists of three individual residential rental units
  • Located at 301 E Magnolia Avenue in Cape May County
  • Property represents a functional residential investment for the local area
  • Well-suited for investors pursuing smaller multifamily portfolio additions

What's Special

Investors seeking an income-generating multifamily asset should consider this three-unit apartment building located at 301 E Magnolia Avenue in Wildwood, New Jersey. This property serves as a functional addition to a rental portfolio in a coastal market known for its seasonal demand and long-term residential appeal. The structure is well-suited for an investor focusing on small-scale residential holdings or those looking to expand their presence in the Cape May County area. Wildwood maintains a steady flow of both local residents and seasonal visitors, creating a consistent market for apartment rentals. With three distinct units, this building offers manageable density for an owner-operator or a small investment group. The location provides proximity to local amenities and the broader infrastructure of the Jersey Shore. This asset presents a straightforward acquisition for those looking to capitalize on the steady demand for rental housing in a established shore community.

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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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