72555 Nicolson Dr
About This Property
Exceptional opportunity in the heart of 29 Palms! This beautifully remodeled dual-home property sits on 1.7 acres with breathtaking mountain views and unbeatable proximity to downtown conveniences.
The main home features 3-Bed 2-Bath. The second home is a charming 1-Bed 1-bath with a living room and dining area, perfect for multi-generational living, rental income, or guest accommodations. Each house has its own electric meter and its own fenced yard for added privacy and outdoor enjoyment. Both homes are fully remodeled, including brand-new kitchens, Windows, bathrooms, flooring, roofs, etc.
A detached 2-car garage provides secure parking and extra storage. The spacious lot offers endless potential-expand, garden, create outdoor living areas, or simply enjoy the serenity of the wide-open desert.
Located just 5 minutes from the Joshua Tree National Park Visitor Center and 15 minutes from the 29 Palms Military Base. Just off the paved road, El Rey Ave. This property is ideal for a first-time buyer, vacation rental investment, or long-term rental income. It is a great investment opportunity!
Move-in ready and completely remodeled-this unique property has it all! Schedule your showing today.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017