11 Earl Drive

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11 Earl Drive

Erma, 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).

  • The site encompasses a total area of 1.31 acres.
  • This residential land is located in Erma, New Jersey.
  • Property is situated at the address 11 Earl Drive.
  • The parcel is zoned for residential development purposes.
  • Location offers access to the broader Cape May region.

What's Special

Spanning 1.31 acres, this residential land site at 11 Earl Drive in Erma, New Jersey, presents a clear development opportunity. The property is situated within a quiet, established portion of Cape May County, a region characterized by its coastal appeal and steady demand for residential housing. The parcel size provides sufficient depth for single-family housing projects or private residential construction in a market that balances suburban comfort with access to regional shore amenities. With the current residential zoning, the land is well-suited for developers or individuals seeking to build in this growth-oriented submarket. The surrounding area maintains a consistent local economy supported by tourism and proximity to broader transit routes, making this a practical acquisition for those looking to expand a residential portfolio in southern New Jersey.

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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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