406 E Magnolia Avenue

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406 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 purchase in Wildwood
  • Asset features a total of five residential rental units
  • Located at 406 E Magnolia Avenue in Cape May County
  • Property suits investors targeting established coastal residential markets
  • Configuration offers manageable scale for residential real estate portfolios

What's Special

Investors seeking an income-generating asset in Wildwood, New Jersey, should evaluate this multifamily apartment building currently available for sale. Located at 406 E Magnolia Avenue, the property consists of five units positioned within a well-known coastal community. Wildwood serves as a prominent destination within the regional tourism and seasonal residential market, benefiting from its proximity to established shore infrastructure and steady seasonal demand. This asset provides a straightforward configuration for owners looking to manage a manageable unit count in an accessible Cape May County location. The scale of the property allows for efficient oversight, making it a functional addition to a broader residential portfolio. Prospective buyers may consider both year-round and seasonal rental strategies to maximize occupancy given the local market dynamics. With its distinct structure and functional unit count, this building presents a clear opportunity for those focused on stable residential operations in a popular seaside submarket.

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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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