171 24th Street

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171 24th Street

Avalon, NJ 08202
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel located in Avalon New Jersey.
  • Situated at the address of 171 24th Street.
  • Property sits within the 08202 zip code area.
  • Suitable site for custom residential construction projects.
  • Located in an established shore community environment.

What's Special

The coastal landscape of Avalon, New Jersey, provides a sought-after environment for residential development. This parcel of land situated at 171 24th Street occupies a prime position within this popular shore community. Avalon remains characterized by its beach-oriented economy and steady seasonal appeal, attracting both vacationers and year-round residents seeking a relaxed pace of life. Given the residential sub-type, this property serves as a blank canvas for custom development projects or private home investments in a highly established neighborhood. Its proximity to local thoroughfares and the shoreline makes it a functional choice for those looking to participate in the local housing market. Prospective buyers can explore various architectural plans that maximize the site utility while aligning with the residential character of the surrounding borough.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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