415 W Poplar Avenue

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415 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).

  • Two-unit multifamily property located in Wildwood, New Jersey.
  • Strategic address situated at 415 W Poplar Avenue.
  • Asset functions as a traditional apartment building structure.
  • Located within the dynamic Cape May County coastal market.
  • Well-suited for residential investment or local leasing portfolios.

What's Special

Investors seeking a stabilized multifamily asset in Wildwood will find this two-unit apartment building at 415 W Poplar Avenue a practical addition to a coastal investment portfolio. Located in a popular shore community, this property is well-positioned for owners looking to capitalize on year-round rental demand or seasonal housing needs. The layout provides flexible options for long-term residential leasing in a market characterized by its steady regional tourism and residential growth. This submarket benefits from its proximity to major transit routes serving the South Jersey coast, ensuring accessibility for residents and appeal for commuters or vacationers alike. Given the size and composition of the building, it serves as a straightforward acquisition for those focusing on small-scale residential holdings. Prospective buyers can leverage the existing structure to maintain consistent cash flow within a high-traffic destination known for its leisure and recreation economy.

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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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