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 multifamily property contains twelve individual apartment units.
  • The site is located on E Glenwood Avenue in Wildwood.
  • The asset functions as a residential apartment building investment.
  • Wildwood is a coastal city in Southern New Jersey.
  • This building occupies a position in a dense residential neighborhood.

What's Special

Wildwood serves as a prominent coastal community in New Jersey, drawing seasonal tourism and maintaining a steady year-round population. This multifamily asset at 320 E Glenwood Avenue provides a total of 12 apartment units in a market known for its residential density and proximity to regional beaches. The property sits within a well-established neighborhood, benefiting from local infrastructure and access to major thoroughfares serving the Cape May County area. Investors may find this apartment building suitable for a long-term hold strategy or as a repositioning project within the local rental market. Given the site configuration and unit count, the property caters to a variety of tenant demographics looking for proximity to the coast. Its location allows for convenient access to downtown amenities while remaining situated within a residential pocket of Wildwood.

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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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