222 W Poplar Avenue

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222 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).

  • Located at 222 W Poplar Avenue in Wildwood, New Jersey.
  • This multifamily asset consists of two individual rental units.
  • The property is currently available for purchase by investors.
  • Wildwood functions as a prominent coastal market in Southern New Jersey.
  • Small-scale apartment buildings provide versatile options for residential property investors.

What's Special

This two-unit apartment building located at 222 W Poplar Avenue in Wildwood, New Jersey, presents a clear opportunity for investors looking to expand their residential portfolio. The property resides in a well-established coastal community, benefiting from the seasonal demand and year-round residential market characteristic of the Jersey Shore. With two distinct units, this asset is structured for straightforward rental management and consistent tenant occupancy. Multi-family properties in this region serve as a foundation for local housing supply, catering to both long-term residents and seasonal workers. The layout is suitable for a straightforward buy-and-hold strategy, providing immediate rental income potential within the Wildwood market. Proximity to local infrastructure and regional transit routes ensures accessibility for future tenants, while the building size allows for efficient oversight of property operations. Investors focused on small-scale residential assets will find this building aligns with a value-add or stabilized income approach.

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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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