120 Frances Avenue

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120 Frances Avenue

Villas, NJ 08251
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 available for sale in Villas, New Jersey.
  • Located within the 08251 zip code near the Delaware Bay.
  • Development site suited for primary or secondary housing projects.
  • Positioned in an established residential community in Cape May County.
  • Provides a strategic acquisition for residential real estate developers.

What's Special

The residential land parcel at 120 Frances Avenue presents a development opportunity in Villas, New Jersey. This site is positioned within a established residential submarket in the Cape May region, benefiting from proximity to the Delaware Bay waterfront and the surrounding coastal community environment. The area is characterized by a mix of seasonal and year-round housing, making it well-suited for the construction of a primary residence or a vacation property. Investors and developers will find this asset located in a quiet, accessible corner of the township, providing a straightforward approach to residential development projects. The dimensions and zoning of the lot allow for various architectural configurations tailored to the local housing market needs in the 08251 zip code area. As regional demand for coastal housing continues to persist, this land represents a viable acquisition for those looking to establish a footprint in this growing South Jersey municipality.

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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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