315 E Magnolia Avenue

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315 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).

  • The asset is a multifamily property featuring 2 apartment units.
  • The building is situated at 315 E Magnolia Avenue in Wildwood.
  • Wildwood is a well-known coastal city located in New Jersey.
  • This location experiences significant seasonal demand from the regional tourism economy.
  • The property is suited for residential investors seeking manageable rental assets.

What's Special

This multifamily apartment building contains 2 units and is situated at 315 E Magnolia Avenue in Wildwood, New Jersey. The property provides a straightforward investment option in a coastal region known for seasonal activity and a consistent demand for housing. Wildwood serves as a primary hub within the Cape May County area, benefiting from strong summer tourism and a steady year-round population. Investors looking for manageable residential assets may find this configuration suitable for long-term rental income or potential portfolio diversification. Its location within this growing suburban beach market offers proximity to local amenities and regional transit routes. The building is positioned to cater to tenants seeking accessible residential space in this established municipality.

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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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