124 & 128 W Montgomery Avenue

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124 & 128 W Montgomery Avenue

Wildwood, 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).

  • Two parcels available at 124 & 128 W Montgomery Avenue
  • Residential land located in Wildwood New Jersey
  • Site sits within the active Cape May County coastal market
  • Contiguous lots suitable for residential development projects
  • Available property positioned for new residential construction investment

What's Special

Wildwood functions as a prominent coastal community in New Jersey, drawing significant seasonal tourism and maintaining a steady local population base. These two parcels of land at 124 & 128 W Montgomery Avenue represent a residential development opportunity in this established shore market. The site provides proximity to the regional amenities and entertainment districts that define the Cape May County peninsula. Residential development projects in this coastal submarket cater to both vacation homeowners and full-time residents looking to capitalize on the region's accessible beachfront lifestyle. The availability of contiguous lots allows for flexible planning and density configurations suitable for modern residential construction. Investors and developers can leverage the current land use designation to pursue new housing inventory in a high-demand resort area.

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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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