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115-117 W Poplar Avenue, Wildwood,NJ -
Active
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For Sale: $1,499,000
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| Beds: 11
Baths: 7
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Type: Apartment |
| Lot:
60-x90
DOM:
32 Days |
| PROPERTY DESCRIPTION |
| Rare opportunity to acquire a 7-unit multifamily property across two separate buildings in the heart of Wildwood. This unique offering includes five 1-bedroom apartments and two spacious 3-bedroom condo-style units, providing a strong mix of rental options appealing to both seasonal and year-round tenants. Both buildings are in excellent exterior condition and feature recently installed new roofs, minimizing immediate capital expenses. The property also includes on-site laundry, adding convenience for tenants and additional income potential. While the interiors could benefit from cosmetic updates, this presents a significant value-add opportunity for investors to modernize units and substantially increase rental income. With the current price point of $1.499M, there is clear upside through strategic renovations, improved management, and potential repositioning for higher-end seasonal or annual rentals. Located in a high-demand shore market with strong rental activity, this property offers both immediate income and long-term appreciation potential. Ideal for investors looking to capitalize on upside while owning a well-maintained asset in a prime coastal location.
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| PROPERTY FEATURES |
- Patio
- Deck
- Enclosed/Cov. Patio
- Porch
- Fenced Yard
- Cable TV
- Sidewalks
- Outside Shower
- Living Room
- Dining Room
- Kitchen
- Eat In Kitchen
- Dining Area
- Laundry/Utility Room
- Workshop
- Storage Space
- Heating:Electric
- Heating:Baseboard
- Heating:Multi-Zoned
- Conventional
- Other Financing
- Assigned Parking
- Concrete Driveway
- Shared Driveway
- Heater:Electric
- Cooling:Electric
- Cooling:Ceiling Fan
- Cooling:Multi Zoned
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| PROPERTY MAP VIEW |
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| ADDITIONAL PROPERTY PICTURES |
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Let DAN BOWERSOCK be your Buyer Broker for this listing. Listing is provided by BERKSHIRE HATHAWAY HS FOX & ROACH sic. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
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