316 W Poplar Avenue

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316 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).

  • Multifamily apartment building located in Wildwood, New Jersey.
  • The residential property consists of two individual units.
  • Situated at the address 316 W Poplar Avenue.
  • Asset type suitable for investors or potential owner-occupants.
  • Positioned within the active Cape May County coastal market.

What's Special

This multifamily apartment building contains two individual units and is positioned at 316 W Poplar Avenue in Wildwood, New Jersey. The property provides a residential investment configuration suitable for long-term rental income or potential owner-occupant use in a coastal market known for its seasonal tourism and steady regional appeal. Wildwood serves as a prominent destination within Cape May County, benefiting from significant summer foot traffic and a local economy centered on hospitality and leisure services. The location offers accessibility to the surrounding barrier island infrastructure and local transit routes connecting to the broader southern New Jersey area. Investors seeking a small-scale residential asset will find this dual-unit property fits well within a portfolio focused on coastal suburban rental demand. Its size allows for efficient management while maintaining exposure to the persistent housing needs of the region.

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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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