401 E Toledo Avenue

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401 E Toledo Avenue

Wildwood Crest, NJ 08260
Asking Price
$1.55M
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel offered for sale at 401 E Toledo Avenue.
  • Located in the desirable coastal community of Wildwood Crest New Jersey.
  • The property is positioned within the 08260 zip code area.
  • Development site suitable for new residential housing or custom builds.
  • Asking price for this coastal development opportunity is $1,550,000.

What's Special

For sale at 401 E Toledo Avenue, this residential land site in Wildwood Crest presents a clear development opportunity for builders and investors. Situated in a well-established coastal community, the parcel is positioned to accommodate new residential construction within one of the region's preferred beach destinations. Wildwood Crest is characterized by its quiet, family-oriented atmosphere, offering proximity to the Atlantic shoreline and local recreational amenities that draw seasonal residents and year-round homeowners alike. Developers focused on the Cape May County market will find this location suitable for a range of residential projects, from single-family homes to higher-density designs permitted by local zoning. The site benefits from its accessibility to major local thoroughfares, facilitating movement through the peninsula. Interested parties should conduct due diligence regarding specific density potential and infrastructure requirements to maximize the utility of this coastal lot. This land acquisition offers a viable path for adding supply to a supply-constrained housing market.

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NOI
$80,000
Cap Rate
5.16%
DSCR
0.87
Underwater
Cash-on-Cash
-2.59%
Monthly Payment
$7,668.554
Annual Cash Flow
$-12,022.651

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