7 W School House Lane

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7 W School House Lane

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, New Jersey.
  • Located at the address of 7 W School House Lane.
  • Property sits within an established and accessible residential submarket.
  • Asset offers development potential for new residential housing projects.
  • Convenient access to Cape May County municipal services and infrastructure.

What's Special

Cape May Court House serves as the central administrative hub for Cape May County, New Jersey. This region provides a steady base for development, benefiting from its proximity to coastal tourism destinations and essential regional services. Positioned within an established residential submarket, this land parcel at 7 W School House Lane offers potential for varied housing configurations. The site layout supports new construction projects intended for single-family or multi-family residential use. Its placement provides access to local municipal infrastructure and the broader Cape May County transportation network, ensuring connectivity for future residents. This acquisition provides a clear development opportunity for builders or investors seeking to expand their residential footprint in a stable South Jersey municipality. Prospective buyers should consult local zoning regulations to confirm specific density allowances and site plan requirements for this property.

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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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