232 Sixth Avenue

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232 Sixth Avenue

West Cape May, NJ 08204
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 West Cape May
  • Located at 232 Sixth Avenue in a coastal New Jersey submarket
  • Coordinates for the property are 38.9639 latitude and -74.9092 longitude
  • Parcel suitable for various residential development projects and investment purposes
  • Site resides within a community recognized for its historical coastal charm

What's Special

West Cape May serves as a coastal destination known for its preserved charm and proximity to the Atlantic shoreline. Situated on Sixth Avenue, this residential land parcel provides an opening for development within a community defined by its quiet streets and historical character. The site benefits from the established infrastructure of Cape May County, which sustains consistent seasonal tourism and a stable year-round population. Its location supports a range of residential development projects, from custom single-family homes to potential investment holdings tailored to the regional market demand. Prospective buyers gain access to a location that balances coastal atmosphere with residential convenience. The area remains an attractive setting for those looking to capitalize on the limited land availability in this sought-after New Jersey submarket, ensuring that any improvements align with the surrounding established architectural aesthetic.

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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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