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.
This listing is provided courtesy of BERKSHIRE HATHAWAY HS FOX & ROACH sic
Interior Features
- Cool System: Electric, Ceiling Fan, Wall Air Conditioning
- Heat System: Gas Natural, Electric, Radiator, Multi-Zoned
Exterior Features
- Parking: Parking Pad, 3 Car, Assigned Parking, Concrete Driveway, Shared Driveway
Additional Features
- County: Cape May County
- Property Type: Apartment
- Waterfront Features: Inside Lot
- Water/Sewer: City
- Year Built: 1938