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.
This listing is provided courtesy of BERKSHIRE HATHAWAY HS FOX & ROACH sic
Interior Features
- Cool System: Ceiling Fan, Wall Air Conditioning
- Heat System: Hot Water
- Floors: Linoleum/Vinyl
- Interior: Security System, Smoke/Fire Alarm, Storage
Exterior Features
- Parking: 1 To 5 Spaces
- Exterior: Block
Additional Features
- County: Cape May County
- Waterfront Features: Island
- Water/Sewer: Public
- Stories: 3