1105 Millman Boulevard

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1105 Millman Boulevard

Del Haven, NJ 08251
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 spanning 0.28 acres in Del Haven.
  • Located at 1105 Millman Boulevard in the New Jersey market.
  • Property sits within Cape May County near the Delaware Bay.
  • Asset is currently available for purchase as a vacant lot.
  • Site offers potential for residential development or custom construction.

What's Special

This 0.28-acre residential land parcel situated at 1105 Millman Boulevard in Del Haven, New Jersey, presents a development opportunity within the coastal region of Cape May County. The site provides a clean slate for residential construction, suitable for individual homeowners or builders looking to capitalize on the quiet, growing character of this established community. Del Haven maintains a suburban atmosphere known for its proximity to Delaware Bay and the regional transit corridors that connect southern New Jersey to the broader Atlantic City metropolitan area. Local economic activity benefits from the seasonal tourism industry and permanent residential growth throughout the Cape May Peninsula. Developers might consider this lot for a single-family residence or potential modular housing project, subject to local municipal building codes and zoning requirements. The parcel benefits from its positioning in an area where demand for residential inventory remains consistent, offering a logical acquisition for those seeking to build in a coastal, lower-density setting.

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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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