118 E Palm Road

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118 E Palm Road

Wildwood Crest, NJ 08260
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 situated in Wildwood Crest, New Jersey
  • Located at 118 E Palm Road in the 08260 zip code
  • Suitable site for residential development projects and construction
  • Positioned within a established coastal residential community
  • Property coordinates are 38.9742 latitude and -74.8366 longitude

What's Special

Wildwood Crest provides a coastal environment within Cape May County, a region characterized by its seasonal tourism economy and stable residential communities. This residential land parcel located at 118 E Palm Road offers a development opportunity in a established neighborhood. With proximity to local beaches and regional transit routes, the site is positioned to support the construction of a single-family home or a multi-unit dwelling, depending on local municipal regulations. Investors and developers seeking to establish a footprint in this beach-oriented submarket will find this asset suitable for various housing projects that align with the character of the surrounding residential landscape.

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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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