1504 Velvento Avenue

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1504 Velvento Avenue

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 located at 1504 Velvento Avenue
  • Property situated in the coastal city of Cape May
  • Asset type classified as residential development land
  • Positioned within the established community of Cape May County
  • Suitable for new residential construction or investment development

What's Special

This residential land asset covers a parcel situated at 1504 Velvento Avenue in Cape May, New Jersey. The property sits within a coastal region known for its historic appeal and consistent seasonal tourism activity. Access to local municipal amenities and regional roadways makes this location suitable for the development of a private residence or a residential project tailored to the market. The site benefits from its position in a well-established community, drawing on the steady economic influence of the Cape May County area. Developers and private investors will find this parcel serves as a foundational site for new construction in an area defined by its character and proximity to the Atlantic coast. The positioning of the lot allows for potential integration into the existing residential landscape while adhering to local development standards.

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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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