320 E Glenwood Avenue

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320 E 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).

  • Six-unit multifamily residential building located in Wildwood
  • Strategically positioned within the Cape May County region
  • Asset type suitable for long-term residential rental income
  • Located at 320 E Glenwood Avenue in New Jersey
  • Property aligns with demand for coastal residential housing stock

What's Special

This six-unit multifamily apartment building at 320 E Glenwood Avenue in Wildwood, New Jersey, presents a clear opportunity for investors seeking residential rental assets in a coastal market. The property provides a stable residential configuration within a community known for its seasonal tourism economy and steady year-round population. Located within Cape May County, Wildwood benefits from high seasonal demand and proximity to regional transportation routes that facilitate access throughout the southern New Jersey shoreline. Its structure is well-suited for a buy-and-hold strategy, catering to the ongoing need for rental housing in this active vacation and residential destination. Prospective owners can leverage the existing multi-unit layout to establish or expand a portfolio in this well-established submarket.

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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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