937 A Myrna Road

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937 A Myrna Road

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).

  • Vacant residential land parcel located in Erma, New Jersey.
  • Property situated at 937 A Myrna Road, ZIP code 08204.
  • Coordinates for the site are 39.0023, -74.8851.
  • Asset is currently available for purchase as residential land.

What's Special

Residential development serves as the primary use for this vacant land situated at 937 A Myrna Road in Erma, New Jersey. The property provides a blank slate for builders or private owners looking to capitalize on residential expansion within this Cape May County community. Erma maintains a quiet residential character, offering residents proximity to the coastal amenities and tourism-driven economy of the Jersey Shore while remaining accessible to major regional transit routes. The site allows for tailored planning to accommodate specific housing needs in a market where demand for residential inventory remains consistent. Investors and developers should consider this asset for the construction of a single-family home or other residential structures that align with local zoning requirements. The parcel benefits from its position in an established suburban setting, making it a functional addition to a local real estate portfolio.

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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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