1241 Lafayette Street

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1241 Lafayette Street

Cape May, NJ 08204
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 offered for sale in Cape May.
  • Located at 1241 Lafayette Street, Cape May, NJ 08204.
  • Property represents a development opportunity for residential use cases.
  • Situated in a well-established coastal municipality in New Jersey.
  • Positioned within reach of regional transportation routes and infrastructure.

What's Special

This residential land parcel at 1241 Lafayette Street in Cape May, New Jersey, is currently available for purchase. The site provides a development opportunity for investors or individuals seeking to build within a coastal community known for its historic charm and seasonal tourism. Cape May maintains a steady regional economy supported by its status as a destination for visitors and permanent residents alike. Given the residential zoning, the property is suited for the construction of a single-family home or other residential structures consistent with local development guidelines. The site's position within the city offers access to local infrastructure and the established amenities characteristic of this shoreline municipality. Potential buyers may evaluate the parcel for its suitability for primary housing or vacation rental development given the year-round activity in the broader Cape May County 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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