115 Sheridan

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115 Sheridan

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).

  • Residential land parcel available for sale in Erma, New Jersey.
  • Property is situated within the accessible Cape May County region.
  • Strategic site suitable for future residential development and construction.
  • Located in a stable submarket with established residential density.
  • Benefit from proximity to local beaches and regional transit routes.

What's Special

This residential land parcel comprises a total of 115 Sheridan in Erma, New Jersey. The property sits within a quiet coastal community in Cape May County, situated between the Atlantic Ocean and the Delaware Bay. Its location offers proximity to regional transit corridors and the diverse tourism-driven economy of the Jersey Shore, making it a functional choice for residential development. The surrounding area maintains a suburban character with easy access to regional beaches and local commercial hubs. Investors and developers seeking to acquire a strategic foothold in this growing market will find this land suitable for a residential project. The site benefits from its position within a stable residential submarket that experiences consistent demand from both seasonal and year-round inhabitants.

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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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