Monroe, SD High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Monroe, South Dakota Market population: 49K. Explore income-producing properties with verified cap rates and...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Monroe LA Properties: 0.4300%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Monroe LA
Common questions from investors exploring commercial real estate in Monroe LA.
What is the overall investment potential of Monroe, LA, considering its demographics and economy?
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The city's median household income of $28,470, combined with a poverty rate of 35.7% and a health insurance coverage of 84.8%, suggests a working-class market with some employment stability, but also a need for affordable housing options. The top industries, including Agriculture and Wholesale Trade, indicate a diverse economy, while the 15.4-minute average commute time and high rate of drove alone commutes suggest a relatively convenient transportation infrastructure. Overall, Monroe's investment potential is moderate, with opportunities for growth in the affordable housing sector.
How does the ethnic diversity and income inequality in Monroe, LA affect the real estate market?
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The city's ethnic diversity, with 47.9% Black, 24.3% White, and 23.7% White Non-Hispanic populations, contributes to a rich cultural landscape, which can attract businesses and residents. However, the income inequality, as indicated by a GINI coefficient of 0.565, and the poverty rate of 35.7% may impact the affordability and stability of the housing market. Investors should consider these factors when evaluating potential investments, particularly in terms of targeting specific demographics or income groups.
What are the key factors influencing the housing market in Monroe, LA, and how do they impact investment decisions?
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The median property value of $118,200 and median property taxes of $8,267 are relatively affordable, making Monroe an attractive option for investors. The homeownership rate of 44.4% and average commute time of 15.4 minutes also suggest a stable and convenient living environment. However, the poverty rate and income inequality should be considered when evaluating the potential for rental income and property appreciation, as they may impact the quality and stability of tenants.
How does the commute time and transportation infrastructure in Monroe, LA affect the quality of life and investment potential?
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The average commute time of 15.4 minutes is relatively short, indicating a convenient transportation infrastructure, which can positively impact the quality of life for residents and attract businesses and investors. The top commute methods, including drove alone and carpooled, suggest a reliance on personal vehicles, but also a potential for ride-sharing or public transportation initiatives. Investors should consider the commute time and transportation infrastructure when evaluating the potential for property appreciation and rental income.
What are the implications of the health insurance coverage and employment rate in Monroe, LA for real estate investors?
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The health insurance coverage rate of 84.8% and employed population of 18,846 suggest a relatively stable and secure workforce, which can positively impact the housing market. Investors should consider these factors when evaluating the potential for rental income and property appreciation, as they may impact the quality and stability of tenants. Additionally, the top industries, including Agriculture and Wholesale Trade, indicate a diverse economy, which can attract a range of businesses and residents, further supporting the local housing market.
Monroe LA Real Estate & City Facts
Key facts and real estate information about Monroe LA.
What are some of the best neighborhoods to live in Monroe?
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Some of the best neighborhoods to live in Monroe, LA, are River Oaks, Garden District, Lakeshore, and Magnolias. These neighborhoods offer a range of housing options, from upscale residential living to family-friendly and peaceful areas. For example, River Oaks is known for its waterfront properties, while the Garden District is historic and picturesque.
What are some fun things to do in Monroe?
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There are plenty of fun things to do in Monroe, LA. You can visit the Biedenharn Museum & Gardens, explore the Black Bayou Lake National Wildlife Refuge, or check out the Chennault Aviation and Military Museum. If you're looking for something more adventurous, you can try Altitude Monroe or visit the Pecanland Mall. Additionally, the city has a variety of parks and outdoor spaces, such as the Louisiana Purchase Gardens & Zoo.
What is the food scene like in Monroe?
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The food scene in Monroe, LA, is delicious and diverse. You can find everything from Southern comfort food to upscale cuisine. Some popular restaurants include Apero, Cotton, Warehouse No. 1 Restaurant, and Big Momma's Fine Foods. There are also plenty of great food trucks and bakeries, such as RoeLa Roaster and Butter A Louisiana Bakery. Whether you're in the mood for something classic and traditional or new and exciting, Monroe has plenty of options to choose from.
What are the pros and cons of living in Monroe?
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Living in Monroe, LA, has its pros and cons. On the plus side, the city has a rich history and culture, a growing food scene, and plenty of outdoor activities to enjoy. However, some areas of the city are still recovering from economic challenges, and the poverty rate is higher than in some other parts of the country. Additionally, traffic can be a issue in some areas, especially during rush hour. Overall, though, Monroe is a great place to live for those who value a strong sense of community and a relaxed, small-town atmosphere.
Is Monroe a good place to live?
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Monroe, LA, can be a great place to live, depending on your individual preferences and priorities. The city has a lot to offer, from its historic neighborhoods and outdoor spaces to its growing food scene and cultural attractions. While it's not without its challenges, Monroe is a city that is working to revitalize and renew itself, and there are many opportunities for residents to get involved and make a positive impact. If you're looking for a place to call home that has a strong sense of community and a relaxed, small-town atmosphere, Monroe might be the perfect fit for you.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Monroe LA Commercial Property: $28,470
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ 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
⭐ 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
⭐ 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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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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