115-117 W Poplar Avenue, Wildwood NJ |CMCMLS| Cape May County Association of Realtors

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115-117 W Poplar Avenue, Wildwood, NJ - Active

For Sale: $1,499,000

Beds: 11 Baths: 7

Type: Apartment

Lot: 60-x90 DOM: 26 Days

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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.

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:Ceiling Fan
Cooling:Electric
Cooling:Multi Zoned

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ADDITIONAL PROPERTY PICTURES

Listing is provided by BERKSHIRE HATHAWAY HS FOX & ROACH sic, Andrew Baus, 609-263-2227. 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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