218 Eldredge Avenue

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218 Eldredge Avenue

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 situated in Del Haven, New Jersey.
  • Located within the coastal landscape of Cape May County.
  • Site dimensions support future single-family residential development projects.
  • Positioned in a quiet neighborhood within the 08251 zip code.
  • Strategic access to regional Delaware Bay shore area thoroughfares.

What's Special

The residential land parcel at 218 Eldredge Avenue presents a development prospect in Del Haven, New Jersey. This vacant site is positioned within a coastal community in Cape May County, a region characterized by its proximity to the Delaware Bay and access to seasonal tourism corridors. Given the residential zoning designation, the property is suitable for the construction of a single-family dwelling or potential redevelopment project tailored to the local housing market. Developers and investors can leverage the site's location to provide housing options in a quiet residential submarket known for its maritime environment and natural surroundings. The area remains accessible to regional thoroughfares that connect rural shore communities to broader commercial hubs throughout the state. This offering serves as a blank canvas for residential builders seeking an established neighborhood setting in the 08251 zip code.

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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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