121 W Poplar Avenue

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121 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).

  • Four-unit multifamily apartment building available for purchase
  • Located at 121 W Poplar Avenue in Wildwood
  • Asset situated within the coastal 08260 zip code
  • Property supports residential or seasonal rental investment strategies
  • Positioned near regional attractions in Cape May County

What's Special

This 4-unit apartment building located at 121 W Poplar Avenue presents a multifamily investment in the coastal community of Wildwood, New Jersey. Situated in the 08260 zip code, the property benefits from its positioning within a popular summer destination known for its tourism-driven economy and long-standing resort history. Residents enjoy proximity to local beaches and the varied entertainment attractions characteristic of the Jersey Shore. Multifamily assets of this scale in Wildwood provide options for long-term residential leasing or seasonal rental models, catering to the transient population that frequent the region annually. The site offers efficient access to major thoroughfares, connecting the area to broader Cape May County markets. Investors seeking a manageable multi-family holding in a well-established seaside municipality will find this asset consistent with the existing housing inventory in this sector of the 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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