228 Marshall Road

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228 Marshall Road

North Cape May, 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 situated in North Cape May, New Jersey.
  • Located at 228 Marshall Road within a well-established residential submarket.
  • Property is currently available for purchase as an investment site.
  • Coordinates for the site are 39.0003 latitude and -74.9310 longitude.
  • Land serves as a clean slate for residential development projects.

What's Special

Residential development opportunities await at 228 Marshall Road in North Cape May, New Jersey. This parcel of land provides a foundational site for new housing construction within a well-established coastal community. The property is positioned to serve the ongoing demand for residential inventory in the region, offering a clean slate for builders or developers looking to expand their local footprint. North Cape May features a quiet, accessible environment situated near the Delaware Bay and major regional transit routes. The proximity to local amenities and community infrastructure supports a variety of residential site configurations. Future occupants will benefit from the established character of the surrounding neighborhoods and the steady economic climate of the Cape May area, which attracts both year-round residents and seasonal visitors. Prospective buyers can leverage this location for single-family housing projects or other residential residential applications suited to the local landscape and regulatory environment.

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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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