228 E Florida Avenue

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228 E Florida 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 situated in the community of Villas, New Jersey.
  • Located at 228 E Florida Avenue in Cape May County.
  • The site is designated as residential land for development.
  • Property sits within an established suburban residential corridor.
  • Positioned in a region with proximity to coastal attractions.

What's Special

Villas, New Jersey, serves as an established residential submarket within Cape May County, characterized by its coastal proximity and steady suburban growth. This residential land parcel located at 228 E Florida Avenue provides an opportunity for development in a region known for its accessibility to regional beaches and local commerce. The site holds potential for residential builders or investors looking to establish new housing stock in an area that balances quiet living with convenient regional access. Positioned within a developed residential corridor, this lot offers the necessary land area to accommodate single-family housing projects. Builders and developers can leverage the existing local infrastructure to execute residential construction plans. As the broader southern New Jersey market continues to see demand for housing, this location provides a logical placement for new residential inventory designed for long-term residents or seasonal occupants.

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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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