331 E Magnolia Avenue

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331 E Magnolia 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 sale in Wildwood
  • Property features a total of four individual residential units
  • Asset is situated at 331 E Magnolia Avenue location
  • Located within the coastal New Jersey regional housing market
  • Suitable investment for professional residential real estate portfolios

What's Special

This multifamily property at 331 E Magnolia Avenue in Wildwood, New Jersey, is currently available for purchase and represents a functional addition to a real estate portfolio for investors seeking apartment building assets. Comprising four units, the building provides a manageable residential footprint situated within a coastal market known for its seasonal tourism and steady rental demand. The property location in the 08260 zip code allows for convenient access to local infrastructure and the broader Wildwood community. Prospective owners might consider this asset for long-term hold strategies or as a component in a value-add residential investment program. The building provides a clear opportunity for those focused on small-scale multifamily management in a well-established submarket, benefiting from the consistent appeal of the shore region for both residents and summer visitors. Its specific layout and unit count make it a practical choice for operators looking to capitalize on existing housing supply.

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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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