2451 53 Sprig Place
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Listed by Real Broker | $129,000 | |
| Listed by Real Broker | |||
| Oct 20, 2023 | Sold | ||
| Sold | |||
| Sep 18, 2023 | Listed by Keller Williams Realty | $75,000 | |
| Listed by Keller Williams Realty | |||
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Welcome to this exceptional .2 acre lot nestled on a private cul-de-sac with street-level access. This prime piece of land, comprising two APNs, offers an incredible opportunity for your dream home. Situated in close proximity to the renowned Lake Morena County Park, outdoor enthusiasts will find a haven for fishing, camping, playground adventures, and even access to a clubhouse for special occasions. For your everyday needs, there's a conveniently located gas station and market within walking distance, as well as a charming malt shop just down the way. Whether you envision placing a manufactured home or building a custom residence, this lot is equipped with electric and water connections at the street, simplifying your development process. For those looking for more space or investment opportunities, consider the option to purchase this lot in conjunction with 2452 White Goose Rd. (APN 606-097-29-00, MLS#PTP2304762 and/or 29901 Morena View Dr. (APN 606-097-33-00, MLS#PTP2304771). Don't miss out on the chance to make your homeownership dreams a reality in this idyllic setting!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017