145 E Garfield Avenue

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145 E Garfield 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).

  • Development site located at 145 E Garfield Avenue in Wildwood
  • Residential land parcel available for immediate purchase and development
  • Strategically positioned within the active Jersey Shore real estate market
  • Suitable for residential construction projects or long-term land investment
  • Coordinates placed at 38.9888 latitude and -74.8163 longitude

What's Special

Residential land development at 145 E Garfield Avenue presents a clear path for new construction within the coastal market of Wildwood, New Jersey. This parcel offers a strategic footprint for developers aiming to build single-family housing or multi-unit residential projects in a region known for its seasonal tourism and steady local population. The site placement provides proximity to local infrastructure and the established amenities of the Jersey Shore, making it a viable selection for investors focused on the shore residential sector. Wildwood maintains a consistent demand for housing, driven by its status as a destination hub and a growing interest in coastal real estate. Acquisition of this property facilitates the expansion of residential inventory in a well-trafficked submarket. Prospective buyers can leverage this land for long-term hold strategies or immediate development projects tailored to the unique demographic requirements of the Cape May County 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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