206 Spruce Avenue

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206 Spruce 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 acquisition in Villas
  • Located in Cape May County, New Jersey at 08251
  • Development site suited for residential single-family housing projects
  • Positioned in a suburban market with consistent housing demand
  • Coordinates placed at 39.0178 latitude and -74.9449 longitude

What's Special

This residential land for sale at 206 Spruce Avenue in Villas, New Jersey, presents a clear development opportunity for residential investors and builders. Located within Cape May County, the site provides direct access to the regional coastal market, where steady demand for housing persists throughout the year. The property is well-positioned for those looking to capitalize on the local residential real estate landscape in a quiet suburban setting. Builders can leverage the footprint to construct single-family homes tailored to the specific needs of the local demographic. The surrounding area maintains a consistent community feel, supported by nearby thoroughfares that connect residents to surrounding regional amenities. Investors seeking a straightforward acquisition in an established municipality will find this parcel suitable for residential development projects. Given the characteristics of the Villas submarket, this land serves as a practical addition to a residential investment portfolio focused on coastal New Jersey growth.

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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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