427 W Glenwood Avenue

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427 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).

  • Multifamily residential building located at 427 W Glenwood Avenue
  • Asset consists of two total residential apartment units
  • Property is situated within the coastal municipality of Wildwood
  • Asset type offers potential for long-term or seasonal rental
  • Wildwood features a robust tourism-based local economy in New Jersey

What's Special

The two-unit multifamily apartment building at 427 W Glenwood Avenue provides a residential investment asset within the coastal community of Wildwood, New Jersey. This property serves the local housing market, where consistent demand from seasonal and year-round residents supports stable rental operations. Wildwood is well-known as a primary destination in the Cape May County region, characterized by its tourism-driven economy and accessible beachside infrastructure. The configuration of this building makes it suitable for investors looking to hold long-term rentals or explore short-term leasing strategies given the proximity to local attractions and regional transport corridors. With two distinct units, the structure allows for flexible management or owner-occupant scenarios in a high-traffic submarket. The site's position within Wildwood provides convenient access to local retail, dining, and coastal recreation areas that define the character of this South Jersey shore municipality.

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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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