328 W Glenwood Avenue

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328 W 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).

  • Two-unit multifamily apartment building located in Wildwood, New Jersey.
  • Investment opportunity situated at 328 W Glenwood Avenue.
  • Property supports residential use within a prominent coastal market.
  • Located in a region with significant seasonal rental demand.
  • Positioned near established transit routes in Cape May County.

What's Special

This two-unit multifamily apartment building is situated at 328 W Glenwood Avenue in Wildwood, New Jersey. The property provides a residential investment opportunity within a coastal market known for its seasonal tourism and steady rental demand. Its layout offers potential for consistent occupancy in a region that supports both vacation rentals and long-term housing arrangements. Wildwood maintains a distinct position within the Cape May County real estate landscape, benefiting from its proximity to regional transit corridors and the local economy driven by the hospitality and service sectors. Investors looking to expand their portfolio in this beachside community will find the structure positioned for straightforward management. The building serves as a practical addition for those seeking to capitalize on the sustained need for residential accommodations in this popular Jersey Shore destination.

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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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