415 E Magnolia Avenue

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415 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).

  • Four-unit multifamily asset located at 415 E Magnolia Avenue
  • Property is currently available for sale in Wildwood, New Jersey
  • Structure functions as a multi-unit apartment building for investors
  • Situated within the popular Cape May County coastal region
  • Well-positioned to serve the established local residential rental market

What's Special

Investors seeking to expand their residential portfolio will find this four-unit multifamily property in Wildwood, New Jersey, a functional addition to their holdings. Situated at 415 E Magnolia Avenue, the asset provides a stable housing option within a well-established coastal community. The property structure accommodates four distinct apartment units, presenting a straightforward management profile for those looking to capitalize on rental income in a region supported by tourism and seasonal labor markets. With its proximity to local infrastructure and the broader Wildwood submarket, this building fits well within a diversified real estate investment strategy focused on residential rental demand. Wildwood remains a consistent destination within the Cape May County area, benefiting from steady interest from residents and seasonal visitors alike. The local economy relies on a blend of service-based industries and residential housing demand, providing a stable backdrop for multifamily operators. This apartment building offers a scalable opportunity to manage residential inventory in an area characterized by its distinct regional appeal and long-standing community footprint.

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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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