307 Edgewood Road

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307 Edgewood Road

Edgewood, NJ 08242
Asking Price
$60K
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel located at 307 Edgewood Road.
  • Property is currently available for purchase at $59,500.
  • The site is designated for residential development purposes.
  • Situated within the community of Edgewood, New Jersey.
  • Coordinates for the parcel are 39.0264, -74.8592.

What's Special

This residential land at 307 Edgewood Road is available for sale, providing a strategic acquisition for investors or individuals looking to develop a private property in the Edgewood area. Spanning a plot suitable for residential construction, this site offers potential for those seeking to build in a established New Jersey community. The surrounding region of Edgewood maintains a steady suburban character, well-positioned for easy access to regional thoroughfares and local amenities throughout the state. Given the current market conditions in this corridor, the lot presents a straightforward opportunity for a custom residential project or a long-term land holding strategy. The dimensions and zoning provide a foundation for versatile home development, catering to both owner-occupiers and speculative builders focused on the local residential housing market.

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NOI
$80,000
Cap Rate
134.45%
DSCR
22.65
Strong
Cash-on-Cash
428.39%
Monthly Payment
$294.374
Annual Cash Flow
$76,467.518

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