947-949 Carol Avenue

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947-949 Carol Avenue

Lower Township, 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 947-949 Carol Avenue
  • Strategically positioned within the Lower Township market area
  • Asset provides significant development potential for residential projects
  • Well-suited for builders targeting the Cape May County sector
  • Accessible site available for immediate investment and future planning

What's Special

Construct a residential project on this 947-949 Carol Avenue land parcel in Lower Township, New Jersey. Situated within a coastal community, this site provides a blank canvas for development in a region known for its proximity to popular shore destinations and accessible regional transit corridors. The location benefits from the steady demand for housing in Cape May County, making it a functional choice for builders focused on single-family or multi-family residential expansion. Investors and developers can capitalize on the area's ongoing appeal to seasonal residents and permanent homeowners alike. With its strategic positioning, this land represents a straightforward acquisition for those looking to expand their residential footprint in a established suburban market. The parcel is suited for various housing configurations, allowing for flexibility in project design based on local development standards.

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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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