1500 Velvento Ave

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1500 Velvento Ave

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 situated in Cape May New Jersey
  • Located at 1500 Velvento Ave within the 08204 ZIP code
  • The asset is currently available for purchase
  • Suitable for custom residential development and new construction
  • Regional setting offers access to coastal infrastructure and local amenities

What's Special

Constructing a custom residential property in Cape May is a viable path for this land parcel located at 1500 Velvento Ave. Situated in the 08204 ZIP code, this site provides a blank canvas for development in a region noted for its maritime heritage and coastal charm. The area maintains steady interest from residents and seasonal visitors alike, supported by the local tourism economy and its position on the New Jersey peninsula. Investors or individuals looking to build in a well-established market will find this location suitable for a range of residential designs. The property benefits from the broader regional accessibility of Cape May, offering proximity to coastal amenities and established residential infrastructure. This asset presents a functional opportunity for developers aiming to add residential inventory to a submarket characterized by its distinct architectural identity and consistent demand for living space.

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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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