1509 Velvento Ave

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1509 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 at 1509 Velvento Ave in Cape May.
  • Property is located in the 08204 ZIP code of New Jersey.
  • The land is designated for residential development and construction purposes.
  • Coordinates for this site are recorded as 38.9382, -74.8993.
  • Cape May maintains a consistent regional market for residential property owners.

What's Special

This residential land at 1509 Velvento Ave in Cape May, NJ, presents a development opportunity in a coastal market known for its historic charm and tourism-driven economy. Positioned within the 08204 ZIP code, the parcel occupies a strategic location in a region characterized by its seasonal visitors and year-round residential demand. The site supports various potential configurations for developers looking to capitalize on the character of the Cape May area. Given its residential zoning designation, this land is well-suited for the construction of a single-family home or other compatible housing projects. Investors and builders interested in the South Jersey shoreline will find this site provides a functional footprint for creating a tailored residential asset in a well-established community. The surrounding region maintains a stable demand for residential development, supported by steady regional interest and accessible coastal infrastructure.

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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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