332 E Magnolia Avenue

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332 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 located in Wildwood, New Jersey
  • Property features a total of two residential units
  • Asset is currently available for sale on the market
  • Positioned in a coastal region with seasonal rental demand
  • Well-suited for investors targeting small-scale residential holdings

What's Special

This two-unit multifamily property sits at 332 E Magnolia Avenue in Wildwood, New Jersey. The apartment building offers a straightforward configuration suitable for investors seeking a modest residential holding in a coastal market. Wildwood maintains a steady seasonal demand, driven by its popularity as a regional tourist destination and vacation hub along the Jersey Shore. Small-scale multifamily assets in this submarket provide flexible utility for operators managing rental inventory. The property serves as a practical addition to a local real estate portfolio, benefiting from its proximity to established municipal amenities and local infrastructure. Buyers looking for residential rental income will find this asset type well-suited for long-term lease structures within this active suburban and coastal region.

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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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