98 millman Lane

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98 millman Lane

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 located at 98 Millman Lane in Villas.
  • Property situated within a growing residential corridor in Cape May County.
  • Site dimensions and location support potential single-family home development projects.
  • Offers strategic positioning for builders targeting regional housing inventory growth.
  • Accessible location provides efficient connectivity to key local transportation routes.

What's Special

Residential development opportunities await at 98 Millman Lane in Villas, New Jersey. This land parcel is situated within a established residential corridor of Cape May County, a region characterized by its coastal appeal and steady demand for housing inventory. Proximity to local thoroughfares provides connectivity to broader regional markets and essential services across the southern New Jersey peninsula. Investors and builders seeking to expand their residential footprint will find this site suitable for single-family development, aligning with the surrounding community density and character. The property benefits from its position within a market that balances seasonal appeal with a consistent year-round population, making it a functional choice for residential builders focusing on custom home projects or speculative development. With its straightforward layout and strategic location, the site represents a clear entry point into the local housing market for those looking to capitalize on land-constrained inventory in this part of the state.

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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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