420 E 21st Avenue

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420 E 21st 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 the address of 420 E 21st Avenue
  • Asset type classified as land within the residential sub-type
  • Positioned within the established coastal economy of Cape May County
  • Suitable for custom residential construction or seasonal investment projects

What's Special

Residential land spanning the parcel at 420 E 21st Avenue provides a strategic acquisition for developers or individuals seeking to build in North Wildwood, New Jersey. This coastal location benefits from the steady demand characteristic of the Jersey Shore, a market defined by its tourism-driven economy and long-term residential appeal. The site offers proximity to local shorelines and the established infrastructure of Cape May County, making it a viable candidate for custom home construction or regional investment portfolios focused on residential development. Potential owners may leverage this parcel for primary residences, seasonal vacation properties, or speculative builds that cater to the consistent influx of summer visitors and permanent residents alike. North Wildwood remains a well-connected submarket with easy access to major regional thoroughfares, facilitating travel throughout the coastal corridor and contributing to the area's ongoing residential stability.

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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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