115-117 W POPLAR Wildwood, NJ 08260
5,400 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJCM2007020
Year Built 1938
Annual Tax Amount $9,779
Tax Year 2025
Lot Size 5,400 Sqft
Acres 0.12
Lot Dimensions 60.00 x 90.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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. With the current price point of $1.499M, 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.
Location
State NJ
County Cape May
Area Wildwood City (20514)
Zoning R-1
Interior
Hot Water Electric
Heating Baseboard - Hot Water, Heat Pump(s)
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Hardwood, Laminate Plank, Carpet, Tile/Brick
Inclusions all appliances in as is condition
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 7.0
Water Access N
Roof Type Architectural Shingle,Flat,Rubber
Accessibility None
Total Parking Spaces 7
Garage N
Building
Foundation Block, Crawl Space, Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wildwood City Schools
Others
Tax ID 14-00243-00024
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
Nearby Locations
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