99 Myrtle Road

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99 Myrtle 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 located in Wildwood Crest, New Jersey.
  • Property is situated at the address 99 Myrtle Road.
  • Coastal site positioned within an established Cape May County market.
  • Asset represents a development prospect for residential housing projects.
  • Geographic coordinates for the site are 38.9743, -74.8385.

What's Special

Wildwood Crest serves as a prominent coastal community within Cape May County, characterized by its steady tourism industry and proximity to the Atlantic shoreline. This residential land parcel situated at 99 Myrtle Road represents a development opportunity in a region known for its seasonal vacation demand and established residential neighborhoods. The coastal location benefits from a robust regional economy driven by hospitality and leisure activities along the New Jersey shore. Prospective buyers might consider this site for the construction of a single-family home or a multi-unit dwelling, depending on local municipal regulations and permitted land uses. The parcel is positioned to capitalize on the ongoing interest in residential property within this popular beach-focused market. Its location offers accessibility to regional thoroughfares and serves as a point of entry for those seeking to participate in the local real estate development 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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