405 Fourth Avenue

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405 Fourth 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 asset located in West Cape May, New Jersey
  • Property situated at the address of 405 Fourth Avenue
  • Coastal site positioned within a established residential market
  • Suitable location for custom single-family home development projects
  • Regional market benefits from significant seasonal and year-round demand

What's Special

This residential land parcel is located at 405 Fourth Avenue in West Cape May, New Jersey. The property occupies a position within this established coastal community, known for its historic charm and proximity to the Atlantic shoreline. West Cape May serves as a destination for seasonal tourism and year-round residents alike, benefiting from the steady economic influence of the broader Cape May County region. The site provides a flexible canvas for residential development, suitable for custom single-family housing or other permitted residential uses in alignment with local zoning requirements. Prospective buyers have the chance to secure a footprint in a highly sought-after seaside market characterized by strong demand and limited buildable inventory. Given its strategic placement within the borough, this asset is well-positioned for investors or builders seeking to contribute to the local residential landscape. The surrounding area remains highly accessible via major regional routes that connect the southern tip of New Jersey to the larger metropolitan corridor.

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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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