115-117 W Poplar Avenue

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115-117 W 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).

  • Residential multifamily building located in Wildwood New Jersey.
  • Property features a total of 7 individual apartment units.
  • Situated at the 115-117 W Poplar Avenue address coordinates.
  • Asset provides an established rental opportunity within a coastal market.
  • Multifamily investment positioned for regional residential demand.

What's Special

Wildwood serves as a prominent coastal community in New Jersey, drawing seasonal tourism and a steady year-round population. This multifamily apartment building positioned at 115-117 W Poplar Avenue benefits from its placement within this established shore market. The property consists of 7 residential units, providing a stabilized asset for investors focused on multi-family holdings in a high-demand vacation destination. Given the configuration of the apartments, the site presents a practical acquisition for those looking to expand their residential portfolio or capitalize on the rental density characteristic of the area. The location allows for convenient access to regional attractions and the local infrastructure that supports the Wildwood economy. This asset functions as a straightforward residential investment opportunity suited for various management strategies in a well-traversed coastal submarket.

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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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