1507 Velvento Ave

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1507 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 available for sale in Cape May
  • Located at 1507 Velvento Ave in New Jersey
  • Geographic coordinates for the site are 38.9382, -74.8993
  • Suitable for primary or secondary residential development projects
  • Positioned within an established coastal residential market

What's Special

This residential land in Cape May, New Jersey, is available for sale and presents a clear opportunity for developers or individuals seeking to build in this coastal market. Positioned at 1507 Velvento Ave, the parcel occupies a location within a popular vacation and residential destination known for its historic character and consistent tourism base. The site coordinates of 38.9382, -74.8993 place it within an established community that benefits from the region's strong seasonal activity and permanent population demand. Residential land in this submarket serves a variety of purposes, ranging from the construction of primary homes to secondary vacation residences. Buyers looking for inventory in southern New Jersey will find this location provides proximity to local infrastructure and the broader regional amenities that define Cape May. Prospective owners can evaluate the site for specific residential development projects consistent with local zoning requirements and site topography. This parcel represents a straightforward acquisition for those looking to expand their footprint in a well-regarded coastal New Jersey municipality.

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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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