825 Washington St

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825 Washington St

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.
  • Strategic location within an established coastal residential community.
  • Well-suited for custom home construction or residential development.
  • Positioned in a stable market with consistent seasonal demand.
  • Located at 825 Washington St in the 08204 zip code.

What's Special

Construct a residential property at 825 Washington St in Cape May, New Jersey. This land parcel presents a strategic acquisition for developers or individuals seeking to establish a presence within this historic coastal community. Located in a region known for its Victorian architecture and tourism-driven economy, the site provides a foundation for custom residential housing or vacation rentals that cater to the consistent influx of seasonal visitors. Its positioning allows for integration into the established residential fabric of Cape May, which continues to maintain steady demand for well-located homes near the Atlantic shoreline. Investors and builders will find this location suitable for various residential project scopes, benefiting from the city's reputation as a stable, high-barrier-to-entry market along the southern New Jersey coast.

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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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