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William R. Bradshaw

wbradshaw@kw.com +1(609) 221-1595

$ 1,850,000

Est. payment | -/mo

10 Beds

7 Baths

Save

$ 1,850,000

Est. payment | -/mo

Save

10 Beds

7 Baths

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 261430

Bedrooms 10

Year Built 1938

Annual Tax Amount $9,779

Tax Year 2025

Lot Dimensions 60x90

Property Sub-Type Apartment

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.

Location

State NJ

County Cape May County

Area Wildwood

Zoning R1

Location Details Inside Lot

Rooms

Other Rooms Living Room, Dining Room, Kitchen, Den/TV Room, Dining Area, Laundry/Utility Room, Florida Room

Interior

Hot Water Electric

Heating Gas Natural, Electric, Radiator, Multi-Zoned

Cooling Ceiling Fan, Electric, Wall Air Conditioning

Exterior

Exterior Feature Patio, Deck, Enclosed/Cov. Patio, Porch, Fenced Yard, Outside Shower

Building

Lot Description Inside Lot

Sewer City

Water City

New Construction No

Others

Acceptable Financing Conventional, Other Financing

Listing Terms Conventional, Other Financing

Financing Conventional,Other Financing

Listed by BERKSHIRE HATHAWAY HS FOX & ROACH sic

Nearby Locations

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William R. Bradshaw

Sales Agent- Realtor® | Lic# 1221774

wbradshaw@kw.com

+1(609) 221-1595

8510 Ventnor Ave, Margate City, NJ, 08402

115-117 W Poplar Avenue Wildwood, NJ 08260

William R. Bradshaw

Key Details

Location

Rooms

Interior

Exterior

Building

Others

115-117 W Poplar Avenue