724 W Poplar Avenue

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724 W Poplar Avenue

West 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).

  • The multifamily property is currently available for purchase in West Wildwood
  • This apartment building contains two distinct residential units
  • The site is located within the coastal region of New Jersey
  • West Wildwood supports a stable residential and seasonal rental economy
  • Suitable for an investor or a primary residential owner occupant

What's Special

The multifamily apartment building located at 724 W Poplar Avenue in West Wildwood, New Jersey, is currently available for sale. This property features two units, making it an appropriate acquisition for investors looking to expand their residential holdings or for buyers seeking a manageable income-producing asset. West Wildwood provides a coastal market environment characterized by seasonal tourism and residential stability within the Cape May County region. Residential demand in this barrier island community remains consistent due to its proximity to regional attractions and the broader Atlantic City metropolitan area. The structure is well-positioned for an owner-occupant or an investor aiming to maintain a rental property in a recognized shore destination. This asset offers potential for long-term lease arrangements given the nature of the local housing market.

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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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