324 Alexander Avenue

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324 Alexander 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.
  • The property is situated at the 324 Alexander Avenue address.
  • Well-positioned site suitable for developing a new residential project.
  • Cape May Point offers a quiet coastal atmosphere for homeowners.
  • The asset resides within a desirable southern New Jersey market.

What's Special

Constructing a residential development at 324 Alexander Avenue allows for a custom project in the coastal community of Cape May Point. This parcel of land provides a specific footprint for investors or individuals looking to establish a footprint in this highly sought-after New Jersey shore destination. Cape May Point remains a preferred location for those prioritizing proximity to the Atlantic coast and natural landscapes, offering a quiet environment that appeals to both seasonal residents and year-round homeowners. The surrounding area is defined by its maritime history and conservation efforts, creating a stable atmosphere for real estate development. Whether planning a primary residence or a secondary vacation home, this site is positioned to benefit from the established charm of the region. Prospective buyers should consult local zoning ordinances to confirm specific build requirements for this residential plot, as the location offers a distinct setting for new construction within the Cape May County housing 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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