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About the Listing 61056 - 3185572
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.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Commercial Sale
MLS ®
NJCM2007020
Year Built
1938
Total Square Footage
7,000
Lot/Acreage
0.12
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Window Unit(s)
- Heating: Baseboard - Hot Water,Heat Pump(s)
- Fireplaces:
- Floor: Hardwood,Laminate Plank,Carpet,Tile/Brick
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 7
- Lot Dimensions: 60.00 x 90.00
- Zoning: R-1
- Roof: Architectural Shingle,Flat,Rubber
- Others:
- Sewer: Public Sewer
- Parking Features: Paved Parking,Private,Off Site,On Street,Parking Lot,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $9,779
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
115 W Poplar Wildwood, NJ 08260
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