Johnstown, CO High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Johnstown, Colorado Market population: 21K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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3 properties found
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π Average Cap Rate For Johnstown PA Properties: 5.7%
β Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
π Avg Property Tax Rate For Johnstown PA Properties: 11.0000%
β Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
Investor Questions For Johnstown PA
Common questions from investors exploring commercial real estate in Johnstown PA.
What's the overall investment potential of Johnstown, PA, considering its demographics and economy?
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Johnstown's 34.9% poverty rate and $25,542 median household income suggest a challenging market, but the 91.7% health insurance coverage and 21-minute average commute time indicate a degree of stability and infrastructure for renters, particularly in industries like Public Administration and Wholesale Trade.
How does the city's ethnic diversity and industry landscape impact rental demand?
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The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, combined with top industries like Transportation & Warehousing and Utilities, suggests a steady demand for rentals, especially considering the 49.8% renters rate and the fact that 50.2% of the population are homeowners.
What are the implications of the city's poverty rate and health insurance coverage for tenant quality?
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The 34.9% poverty rate is a concern, but the 91.7% health insurance coverage suggests that many residents have access to employment benefits, which could contribute to a more stable tenant base, and the 21-minute average commute time and top commute methods like Drove Alone and Carpooled indicate a functional transportation network.
How do the median property value and taxes impact the attractiveness of Johnstown as an investment destination?
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The median property value of $44,400 and median property taxes of $4,874 make Johnstown an affordable market for investors, especially considering the 50.2% homeownership rate and the potential for rental income, and the city's top industries and commute times suggest a degree of economic stability.
What role do education and income inequality play in assessing the city's investment potential?
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The 85.2% high school graduation rate and 12.1% bachelor's degree or higher rate suggest a relatively educated population, but the 0.44 GINI coefficient indicates significant income inequality, which, combined with the 34.9% poverty rate, suggests that investors should carefully consider the target market and property type to ensure a strong potential for returns.
Johnstown PA Real Estate & City Facts
Key facts and real estate information about Johnstown PA.
What are some of the best neighborhoods to live in Johnstown?
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Some of the best neighborhoods to live in Johnstown include Westmont, Upper Yoder, Southmont, Ferndale, Richland, and Geistown. These neighborhoods offer a mix of suburban and urban living, with some areas having nice homes and a peaceful environment. For example, Marietta Richland is a peaceful and well-maintained neighborhood, while Westmont has nice homes but may not be the best area to walk around downtown.
What are some fun things to do in Johnstown?
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There are plenty of fun things to do in Johnstown, including visiting the Johnstown Flood Museum, taking a ride on the Johnstown Inclined Plane, and exploring the Grandview Cemetery. You can also check out the Sandyvale Annual Plug Fest, PJ's & Pancakes with the Easter Bunny, or the Let Me Be Myself: The Life Story of Anne Frank exhibit. Additionally, there are several parks and natural areas, such as Buttermilk Falls Natural Area, where you can hike and enjoy the outdoors.
What is the food scene like in Johnstown?
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The food scene in Johnstown is a mix of local eateries, upscale restaurants, and casual dining experiences. You can find a range of cuisines, from Italian to Hispanic, and there are several restaurants with scenic views. Some popular restaurants include Annelesse Restaurant, Anthony's Neapolitan Pizza, and Applebee's Neighborhood Grill & Bar. There are also plenty of great food trucks and local cafes to try.
What are the pros and cons of living in Johnstown?
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The pros of living in Johnstown include its peaceful and well-maintained neighborhoods, scenic views, and outdoor recreational opportunities. However, some areas of the city may have a higher crime rate, and the downtown area may not be the best place to walk around. Additionally, the city has a higher poverty rate and lower median household income compared to other cities. Overall, Johnstown is a complex city with both positive and negative aspects.
Is Johnstown a good place to live?
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Whether or not Johnstown is a good place to live depends on your individual preferences and priorities. If you value a peaceful and suburban lifestyle, with access to outdoor recreational opportunities, Johnstown may be a good fit. However, if you are looking for a more urban and vibrant city with a higher median household income, you may want to consider other options. Ultimately, it's essential to weigh the pros and cons and visit the city in person to get a sense of whether it's the right place for you.
π Average Income For Johnstown PA Commercial Property: $25,542
β Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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