235 E Delaware Parkway

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235 E Delaware Parkway

Villas, NJ 08251
Asking Price
$190K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land asset located in Villas, New Jersey.
  • Property is currently offered for sale at $189,900.
  • The site consists of a parcel designated for residential development.
  • The land is positioned within the 08251 zip code area.
  • Located at 235 E Delaware Parkway in Cape May County.

What's Special

This residential land parcel in Villas, New Jersey, is currently available for purchase and suits developers or individuals looking to build in a quiet coastal community. Situated in Cape May County, the site provides a foundation for new construction projects near the Delaware Bay. The surrounding area remains characterized by its proximity to regional shore points and accessible residential infrastructure, making it a functional choice for custom housing development. Investors and builders seeking a foothold in this established residential submarket will find the property well-positioned for future project planning. As part of a growing region within the southern New Jersey corridor, the location offers a balance between coastal living and essential local connectivity. The lot provides enough flexibility for various residential floor plans, catering to those aiming to capitalize on the sustained demand for housing in this specific locality.

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NOI
$80,000
Cap Rate
42.13%
DSCR
7.10
Strong
Cash-on-Cash
120.63%
Monthly Payment
$939.522
Annual Cash Flow
$68,725.741

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