115-117 W Poplar Avenue, Wildwood NJ | The DiPeso Group

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115-117 W Poplar Avenue, Wildwood NJ - Active

For Sale: $1,850,000

Beds: 10 Baths: 7 Type: Apartment

Lot: 1 to 6000 SqFt DOM: 8 Days

PROPERTY DESCRIPTION

Rare opportunity to acquire a Fully renovated 7-unit multifamily property across two separate buildings in the heart of Wildwood. This unique offering includes five 1-bedroom apartments and 1 3 bedroom unit and a 2 bedroom unit with screened in porch. Providing a strong mix of rental options appealing to both seasonal and year-round tenants. Both buildings are in excellent exterior condition and feature recently installed new roofs, minimizing immediate capital expenses. The property also includes on-site laundry, adding convenience for tenants and additional income potential. While the interiors could benefit from cosmetic updates, this presents a significant value-add opportunity for investors to modernize units and substantially increase rental income. there is clear upside through strategic renovations, improved management, and potential repositioning for higher-end seasonal or annual rentals. Located in a high-demand shore market with strong rental activity, this property offers both immediate income and long-term appreciation potential. Ideal for investors looking to capitalize on upside while owning a well-maintained asset in a prime coastal location.

PROPERTY FEATURES

Patio
Deck
Enclosed/Cov. Patio
Porch
Fenced Yard
Outside Shower
Living Room
Dining Room
Kitchen
Den/TV Room
Dining Area
Laundry/Utility Room
Florida Room
Heating:Gas Natural
Heating:Electric
Heating:Radiator
Heating:Multi-Zoned
Conventional
Other Financing
Parking Pad
3 Car
Assigned Parking
Concrete Driveway
Shared Driveway
Heater:Electric
Cooling:Electric
Cooling:Ceiling Fan
Cooling:Wall Air Conditioning

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ADDITIONAL PROPERTY PICTURES

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10 Bedroom(s) | 7 Bathroom(s) | For Sale: $1,850,000 | MLS Number: 261430 |
Property Type: Apartment
Provided by: The DiPeso Group - www.dipesogroup.com
(Information Above Will Appear At The Top Of The Email That Is Sent to The DiPeso Group)

Let THE DIPESO GROUP be your buyer for this listing. LISTING IS PROVIDED BY BERKSHIRE HATHAWAY HS FOX & ROACH sic. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.