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Rare opportunity to acquire a 7-unit multifamily property across two separate buildings in the heart of Wildwood. This unique offering includes five 1-bedroom apartments and two spacious 3-bedroom condo-style units, 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. 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.
| DAYS ON MARKET | 0 | LAST UPDATED | 3/29/2026 |
|---|---|---|---|
| YEAR BUILT | 1938 | COMMUNITY | Wildwood City (20514) |
| COUNTY | CAPE MAY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | WILDWOOD CITY SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Wildwood City (20514) |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Frame |
| HEAT | Baseboard, Electric, Heat Pump, Natural Gas |
| LOT | 5227 sq ft |
| LOT DIMENSIONS | 60.00 x 90.00 |
| PARKING | On Street, Private, Paved, Off Site, Parking Lot, Driveway |
| SEWER | Public Sewer |
| TAXES | 9779 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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