231 E 1St Avenue

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231 E 1St Avenue

North Wildwood, NJ 08260
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 Wildwood, New Jersey.
  • Located at 231 E 1st Avenue within the 08260 zip code.
  • Property is currently available for sale as vacant land.
  • Site supports residential development in a popular coastal market.
  • Geographic coordinates for the plot are 39.0060, -74.7909.

What's Special

Residential land spanning the site at 231 E 1st Avenue in North Wildwood, New Jersey, presents a clear development prospect. Situated within a coastal community known for its seasonal tourism and steady regional appeal, this parcel provides a blank slate for builders or investors focused on the shore market. The property location benefits from the steady demand for housing in this active municipality. Developing this land could serve various residential needs, ranging from a single-family home to other permissible residential configurations based on local requirements. As North Wildwood maintains its position as a destination for both permanent residents and summer visitors, the site offers potential for those looking to establish a footprint in this established seaside setting.

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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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