5 Putnam Avenue

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5 Putnam Avenue

Strathmere, NJ 08248
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 spanning 0.18 acres in Strathmere
  • Suitable site for custom residential development or investment
  • Located in an established coastal community in New Jersey
  • Accessible lot coordinates at 39.1946, -74.6586
  • Strategically positioned within the Cape May County market

What's Special

Developing a residential property on this 0.18-acre parcel in Strathmere provides an entry point into the coastal New Jersey real estate market. Positioned within a quiet community, this site allows for a custom residential build tailored to regional demand. Strathmere benefits from its proximity to major shore points and established residential corridors, making it a viable location for long-term investment or personal home construction. The footprint is suitable for a single-family dwelling that integrates with the existing neighborhood character while providing access to the recreational amenities common to Cape May County. Investors seeking to capitalize on land holdings in this geography will find the lot offers a straightforward path toward site preparation and construction. Local ordinances and residential zoning standards remain the primary considerations for prospective buyers evaluating this vacant land for future development projects.

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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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