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61547 Division Street
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 |
|---|---|---|---|
| Aug 22, 2026 | Listed by Real Estate Source, Inc | $67,500 | |
| Listed by Real Estate Source, Inc | |||
| Sep 29, 2023 | No longer available | - | |
| No longer available | |||
| Sep 3, 2023 | Price Decreased |
$69,500
↓ $9K
(10.9%) | |
| Price Decreased | |||
| Jul 15, 2023 | Price Decreased |
$78,000
↓ $8K
(9.3%) | |
| Price Decreased | |||
| Apr 6, 2023 | Listed by Premier Realty Associates | $86,000 | |
| Listed by Premier Realty Associates | |||
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Investors, check out this incredible LOCATION! This lot is located right in the heart of downtown Joshua Tree. Only 1 block from Highway 62 and 2 blocks to Park Street, which takes you to the National Park. This lot is a builders special opportunity, zoned Multi-Residential (JT-RM, up to 15 units per acre). On 9/1/2021, Senate Bill 10 was signed by Governor Newsome and chaptered by the Secretary of State. This bill went into effect January 1,2022. It regulates how many units can be built under this senate bill on a multi-zoned parcel. Please check with your local STATE not County representative to see if this parcel qualifies for extra units buildable.
All utilities are nearby. Buyers are to verify all information including dimensions, accessibility, and location. There are NO Joshua Trees on this property.
From this lot, enjoy a few minutes stroll to the saloon, restaurants, shopping, music, activities, Farmers Market, art shows and more. The Joshua Tree State Park entrance is only 5 miles away. The park boasts over 3 million visitors per year for the last 2 years.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017