131 W Burk Avenue

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131 W Burk Avenue

Wildwood, NJ 08260
Asking Price
$250K
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • The residential land parcel is located at 131 W Burk Avenue.
  • This property is situated in the seaside community of Wildwood, New Jersey.
  • The asking price for this residential land asset is $250,000.
  • The site offers 5,000 square feet of developable residential space.
  • Wildwood serves as a primary hub for coastal residential and tourism activity.

What's Special

This residential land parcel comprises a total of 5,000 square feet and is positioned at 131 W Burk Avenue in Wildwood, New Jersey. The property sits within a coastal market known for its seasonal tourism economy and steady residential demand. Given its zoning designation, the site provides a functional footprint for developers or individuals looking to construct a new home or secondary residence in a well-established community near the Atlantic shoreline. Wildwood continues to attract interest due to its accessible coastal lifestyle and proximity to major regional transit corridors. The available space allows for various architectural layouts suited to the character of the surrounding neighborhood. Potential buyers have an opportunity to secure a buildable lot in a location that balances proximity to local amenities with residential privacy. Prospective owners should review local zoning ordinances to confirm specific development guidelines and permitted land uses for this coastal New Jersey tract.

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NOI
$80,000
Cap Rate
32.00%
DSCR
5.39
Strong
Cash-on-Cash
86.88%
Monthly Payment
$1,236.864
Annual Cash Flow
$65,157.637

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