326 E Glenwood Avenue

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326 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).

  • Multifamily apartment building available for purchase in Wildwood.
  • Property consists of five individual residential rental units.
  • Located at 326 E Glenwood Avenue in New Jersey.
  • Asset provides potential for consistent residential rental income.
  • Suitable for investors managing regional residential real estate portfolios.

What's Special

This multifamily apartment building at 326 E Glenwood Avenue in Wildwood, New Jersey, is currently available for sale and presents a practical acquisition for investors seeking residential rental assets. The property features five distinct units, providing a stabilized income stream potential within the local housing market. Wildwood maintains its position as a key coastal destination, benefiting from seasonal tourism trends and a steady year-round resident population. This configuration of apartments serves as a straightforward addition to a regional residential portfolio, offering functional living spaces that remain in demand among local tenants. Its location within the municipality allows for convenient access to regional thoroughfares and central community services, supporting consistent occupancy rates. Prospective buyers should consider the utility of these five units for long-term hold strategies or repositioning efforts within the broader Cape May County real estate landscape.

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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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