806-808 Walnut Street

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806-808 Walnut Street

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 located at 806-808 Walnut Street in Erma.
  • Property is situated within the 08204 zip code of New Jersey.
  • The land is designated specifically for residential development project uses.
  • Site coordinates are recorded as 39.0088 latitude and -74.8831 longitude.
  • Located in a region with access to the Garden State Parkway.

What's Special

The residential land at 806-808 Walnut Street in Erma, New Jersey, provides a development opportunity within Cape May County. Situated in a region characterized by its coastal appeal and proximity to regional transit arteries, this parcel is positioned to serve the residential demand of the local market. The site offers a clean canvas for builders and investors looking to execute new construction projects that align with the current zoning and neighborhood scale. Erma benefits from its central location near the Garden State Parkway and its accessibility to the broader Jersey Shore business and tourism corridor. Given the regional economic climate and stable population growth in Southern New Jersey, this asset represents a functional play for those focusing on housing inventory expansion. Potential use cases for this land include the development of single-family residences or modular housing options designed for year-round or seasonal occupancy, capitalizing on the demand for residential space in this submarket.

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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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