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Will Shorman

will@shor-properties.com +1(609) 509-8154

Listed by Andrew Baus • BHHS Fox & Roach-Washington-Gloucester

$1,850,000

Est. payment - /mo

5,400 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJCM2007374

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

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.roviding 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

Area Wildwood City (20514)

Zoning R-1

Interior

Hot Water Electric

Heating Baseboard - Hot Water

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Ceramic Tile, Laminate Plank, Luxury Vinyl Plank

Inclusions all appliances

Heat Source Natural Gas

Exterior

Garage Spaces 3.0

Water Access N

Roof Type Architectural Shingle,Rubber

Accessibility None

Total Parking Spaces 3

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wildwood City Schools

Others

Tax ID 11

Ownership Fee Simple

Acceptable Financing Cash, Bank Portfolio, Private, Installment Sale, Other

Listing Terms Cash, Bank Portfolio, Private, Installment Sale, Other

Financing Cash,Bank Portfolio,Private,Installment Sale,Other

Special Listing Condition Standard

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Will Shorman

+1(609) 509-8154

Agent | License ID: 1538633

Agent License ID: 1538633

115 W POPLAR Wildwood, NJ 08260

Will Shorman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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115 W POPLAR