107 W Scott Street

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107 W Scott Street

Cape May Court House, NJ 08210
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 at 107 W Scott Street.
  • Property situated in the Cape May Court House community.
  • Development site suitable for new residential housing construction.
  • Located within the accessible and stable southern New Jersey market.
  • Parcel offers potential for custom residential development projects.

What's Special

Residential land spanning the site at 107 W Scott Street in Cape May Court House presents a development opportunity within a established suburban neighborhood. This location in Cape May County sits within the broader southern New Jersey region, offering proximity to local coastal amenities and municipal services. The property provides a clear parcel for builders or private owners looking to establish a new residential dwelling in a stable, accessible market area. Cape May Court House serves as a central hub for the surrounding community, benefiting from a quiet atmosphere that appeals to permanent residents. Given the residential zoning and site dimensions, the land is suitable for single-family development or similar housing configurations that align with current local neighborhood standards. Investors and developers will find this parcel positioned to capitalize on the steady demand for housing inventory within the community.

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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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