109 E Poplar Avenue

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109 E Poplar 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).

  • The asset is a multifamily apartment building for sale.
  • The property consists of two distinct residential units.
  • Located at 109 E Poplar Avenue in Wildwood, New Jersey.
  • Wildwood is a notable coastal destination in Cape May County.
  • The building serves as a residential rental investment opportunity.

What's Special

This two-unit apartment building located at 109 E Poplar Avenue provides a compact investment option within the Wildwood market. As a multifamily asset, the property is positioned in a coastal New Jersey municipality known for its seasonal tourism and steady rental demand. The structure functions as a straightforward residential holding, suitable for individual investors looking to enter the local housing market or expand a modest rental portfolio. Wildwood serves as a primary hub in Cape May County, drawing consistent interest from both long-term residents and seasonal visitors due to its proximity to the Atlantic shoreline and regional transit routes. The property offers a clear use case for residential leasing in an area characterized by traditional shore-town infrastructure and established neighborhoods. Prospective owners can leverage the demand for housing in this regional destination to maintain consistent occupancy within the two available units.

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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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