201 Harvard Avenue

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201 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 in Cape May Point New Jersey
  • Prime coastal site situated at 201 Harvard Avenue
  • Ideal location for a custom residential or vacation home
  • Positioned within a region known for its quiet coastal character
  • Coordinates for the property are 38.9327 latitude and -74.9636 longitude

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 201 Harvard Avenue, this residential land parcel provides a foundation for development within a community valued for its historic charm and quiet atmosphere. The site benefits from its position near the southern tip of New Jersey, an area that draws visitors and seasonal residents interested in bird watching and waterfront activities. This parcel is suited for the construction of a custom residential dwelling or a beach-oriented vacation home. Given the character of the submarket, potential buyers may consider long-term real estate investments or the creation of a permanent residence in this established coastal region.

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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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