18 E Ravenwood Drive

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18 E Ravenwood Drive

Clermont, NJ 08210
Asking Price
$295K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel spanning 2.15 acres of developable space
  • Available for sale at an asking price of 295000 dollars
  • Located on E Ravenwood Drive within the community of Clermont
  • Positioned in a developing section of Cape May County New Jersey
  • Well suited for custom residential construction or long term investment

What's Special

Clermont provides a quiet setting within Cape May County, balancing accessibility to regional coastal attractions with the space characteristic of growing suburban communities in southern New Jersey. This 2.15-acre parcel of residential land at 18 E Ravenwood Drive sits positioned for development, offering sufficient area for a primary residence or a custom project. The property benefits from the region's steady interest from those seeking proximity to local waterways and broader area employers. Developers and private buyers often look to this submarket for its land availability and the potential to build in an established, accessible corridor. The scale of this site supports various residential configurations, serving as an entry point into the local market for those requiring a specific footprint in a residential zone. This asset presents a clear path for buyers looking to secure land holdings in an area that retains a consistent demand for buildable space.

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NOI
$80,000
Cap Rate
27.12%
DSCR
4.57
Strong
Cash-on-Cash
70.61%
Monthly Payment
$1,459.499
Annual Cash Flow
$62,486.011

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