101 Harvard Avenue

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101 Harvard Avenue

Cape May Point, NJ 08212
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 101 Harvard Avenue in Cape May Point
  • Available for purchase within the coastal New Jersey residential market
  • Suitable site for custom single-family or seasonal vacation home development
  • Positioned in a community known for proximity to natural beach areas
  • Offers a development opportunity in a region with limited land availability

What's Special

Cape May Point serves as a serene coastal destination known for its preserved natural landscapes and proximity to the Atlantic Ocean. Situated at 101 Harvard Avenue, this residential land parcel occupies a position within this quiet community, offering access to the unique environment of the southern New Jersey shoreline. The surrounding area remains characterized by its historical charm, bird migration corridors, and public beaches, which contribute to a steady seasonal residential market. This property provides an opportunity for custom development within a well-established beach town. The scale and dimensions of the site allow for the construction of a single-family home or vacation property, aligning with the architectural character found throughout the municipality. Investors and private buyers will find this lot suitable for those seeking a tranquil residential building project in one of the state's most sought-after seaside enclaves, where land availability remains limited. Given the location, the site is positioned to benefit from the sustained interest in coastal living and outdoor recreation opportunities.

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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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