22 W 3rd Avenue

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22 W 3rd Avenue

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 situated in Cape May Court House.
  • Located at 22 W 3rd Avenue in New Jersey.
  • Available for sale to private investors or developers.
  • Well-suited for custom residential construction projects.
  • Positioned within a growing coastal residential market.

What's Special

Residential development at 22 W 3rd Avenue offers a clear opportunity for custom housing construction in Cape May Court House, New Jersey. This parcel of land sits within a established community, providing a foundation for single-family or multi-unit residential projects in a growing regional hub. The site geography aligns well with local residential requirements, making it a viable candidate for builders or private investors looking to capitalize on the coastal market demand. Proximity to local infrastructure and regional thoroughfares ensures accessibility for future residents while maintaining the quiet character of the surrounding neighborhood. As Cape May County continues to see steady interest from both year-round occupants and seasonal visitors, this land serves as a blank canvas for various development strategies. Its strategic placement allows for straightforward integration into the existing residential fabric of the area.

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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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