7702 Atlantic Avenue

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7702 Atlantic Avenue

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 located in Wildwood Crest, New Jersey
  • Property situated at the address of 7702 Atlantic Avenue
  • Land asset suitable for residential development projects
  • Located within a prominent Cape May County coastal submarket
  • Ideal for single-family or multi-family construction ventures

What's Special

Wildwood Crest serves as a prominent coastal destination in New Jersey, known for its focus on family-oriented tourism and expansive public beaches. This land parcel situated at 7702 Atlantic Avenue presents a residential development opportunity within this established shoreline community. Its positioning allows for potential projects aligned with the local residential zoning and coastal architectural standards common to the Cape May County region. The site benefits from the area's steady seasonal demand and proximity to the Atlantic Ocean, making it a functional choice for developers or private buyers seeking to build in a high-traffic vacation submarket. Given the density and character of Wildwood Crest, the property is suited for single-family or multi-family residential construction designed to serve either year-round residents or the significant summer tourism population. Potential owners can capitalize on the location's appeal as a durable coastal residential hub while contributing to the ongoing evolution of the local housing stock.

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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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