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).

  • The property consists of 12 individual residential rental units.
  • The building is situated in the municipality of Wildwood, New Jersey.
  • This multifamily asset serves a mix of local housing needs.
  • The location benefits from steady demand within a coastal submarket.
  • The building is currently available for purchase by interested investors.

What's Special

This 12-unit apartment building at 320 E Glenwood Avenue in Wildwood, New Jersey, presents a clear multifamily investment prospect. Situated in a popular coastal submarket, the property serves the local housing demand driven by both year-round residents and the seasonal tourism economy that characterizes much of the Jersey Shore. The asset's scale makes it a manageable addition for investors looking to expand their footprint in a region known for steady population movement and sustained rental interest. As a residential apartment community, the building is well-positioned for traditional long-term leasing or potential strategic adjustments based on local market dynamics. Wildwood maintains a distinct regional identity, supported by proximity to major coastal transit corridors and established retail nodes, making it a viable location for multifamily owners seeking consistent demand in a classic shore town environment.

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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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