245 Pennsylvania Avenue

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245 Pennsylvania 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 spanning 0.12 acres in total size.
  • Located at 245 Pennsylvania Avenue in Villas New Jersey.
  • Property is currently offered for sale to prospective buyers.
  • Situated within a residential submarket of Cape May County.
  • Suitable for residential construction projects or long-term land holding.

What's Special

This 0.12-acre parcel of residential land is situated at 245 Pennsylvania Avenue in Villas, New Jersey. The property provides a blank canvas for residential development within a coastal community known for its accessibility to the Cape May region. The surrounding area maintains a suburban character, benefiting from the steady growth of Cape May County. Potential buyers may explore options for constructing a primary residence or a vacation home that takes advantage of the nearby regional amenities and local infrastructure. The site offers straightforward access to regional thoroughfares, making it a functional choice for those seeking a development project in a established residential enclave. With its manageable footprint, this land provides a clear path for residential building plans in an area that continues to attract interest from both year-round residents and seasonal visitors looking for established neighborhoods along the Jersey Shore.

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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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