8 Olin Drive

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8 Olin Drive

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 spanning 0.31 acres of developable space
  • Located at 8 Olin Drive in Cape May Court House
  • Prime site for new residential construction and development projects
  • Positioned within a popular New Jersey coastal submarket area
  • Direct access to regional transit routes and local amenities

What's Special

Construct a residential property on this 0.31-acre parcel located at 8 Olin Drive in Cape May Court House, New Jersey. This land asset provides a clean slate for developers or individuals looking to build in a well-established coastal community. The site is positioned within a region known for its proximity to popular shore points and steady year-round residential appeal. Access to local infrastructure and regional roadways supports convenient transit throughout the Cape May peninsula. This property serves as a functional residential development site for those seeking to capitalize on the housing demand within this part of the state. Its size and location offer clear utility for a single-family home or residential improvement project tailored to the needs of the local market.

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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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