424 E 21st Avenue

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424 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 424 E 21st Avenue within a residential submarket.
  • Strategically positioned near the Atlantic coastline and municipal beaches.
  • Suitable for new residential construction projects or long-term development.
  • Coordinates for the site are 38.9929 latitude and -74.8017 longitude.
  • The property is available for purchase in the current market.

What's Special

Developing residential property at 424 E 21st Avenue provides a strategic opportunity to capitalize on the coastal appeal of North Wildwood, New Jersey. This land parcel is positioned within a established residential submarket, offering proximity to the Atlantic shoreline and the vibrant recreational amenities that define this popular barrier island destination. The site serves as a clean slate for builders or investors looking to execute a custom residential project tailored to the seasonal and year-round housing demands of the region. North Wildwood maintains a steady real estate cycle driven by its identity as a premier shore town. Access to the municipal beach, boardwalk, and local infrastructure ensures consistent interest from potential residents seeking coastal living. Given the residential zoning classification, this property is suited for the construction of a single-family home or a multi-unit dwelling, depending on local regulatory alignment. Investors will find this a viable addition to a portfolio focused on high-demand vacation markets in the Cape May County area.

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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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