Terrytown, LA High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Terrytown, Louisiana Market population: 24K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Terrytown LA Properties: 0.6400%
⭐ 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 Terrytown LA
Common questions from investors exploring commercial real estate in Terrytown LA.
What is the overall investment potential of Terrytown, LA, considering its demographics and economy?
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Terrytown, LA, with a population of 24,218 and a median age of 31.4, presents a diverse market with top ethnicities including Black (25.4%), White (24.0%), and White Non-Hispanic (19.4%). The median household income of $44,528, combined with a poverty rate of 21.8% and a health insurance coverage rate of 79.4%, suggests a working-class market with some employment stability, making it a potential location for real estate investment, especially considering the top industries such as Agriculture, Forestry, Fishing & Hunting, & Mining, and Public Administration.
How does the commute time and health insurance coverage impact the quality of life for renters in Terrytown, LA?
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The average commute time of 26.6 minutes in Terrytown, LA, along with top commute methods like Drove Alone, Carpooled, and Worked At Home, indicates a relatively manageable commute, which can enhance the quality of life for renters. Additionally, the health insurance coverage rate of 79.4% suggests that a significant portion of the population has access to healthcare, which can contribute to a more stable rental market, especially when considering the poverty rate of 21.8% and the median household income of $44,528.
What are the implications of the foreign-born rate and ethnic diversity on the real estate market in Terrytown, LA?
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The foreign-born rate of 14.2% and the ethnic diversity, with top ethnicities including Black (25.4%), White (24.0%), and White Non-Hispanic (19.4%), suggest a culturally rich and potentially vibrant community in Terrytown, LA. This diversity, combined with a median property value of $158,000 and a homeownership rate of 49.4%, may indicate a demand for housing that caters to a variety of cultural and socioeconomic backgrounds, presenting opportunities for real estate investors to tap into this diverse market.
How do the top industries in Terrytown, LA, influence the local job market and, by extension, the rental market?
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The top industries in Terrytown, LA, including Agriculture, Forestry, Fishing & Hunting, & Mining, and Public Administration, contribute to a relatively stable job market, with an employed population of 11,496. This stability, along with a median household income of $44,528 and a poverty rate of 21.8%, can lead to a consistent demand for rental properties, especially considering the renters rate of 50.6% and the average commute time of 26.6 minutes, which suggests that many residents may prefer renting over buying due to job security and mobility.
What insights can be gleaned from the income inequality and poverty rate in Terrytown, LA, for real estate investment purposes?
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The GINI coefficient of 0.444 and the poverty rate of 21.8% in Terrytown, LA, indicate a level of income inequality and socioeconomic challenge. However, when combined with the median household income of $44,528, the health insurance coverage rate of 79.4%, and the median property value of $158,000, these factors suggest a market where affordable housing and strategic property investment could not only yield returns but also contribute to community development, especially in areas with high demand due to the top industries and ethnic diversity.
Terrytown LA Real Estate & City Facts
Key facts and real estate information about Terrytown LA.
What are some of the best neighborhoods to live in Terrytown?
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Some of the best neighborhoods to live in Terrytown, LA, include the south parts of the city, which tend to be more desired, while more affordable homes are in the northeast regions. According to Best Neighborhoods, the median house prices in Terrytown vary by area.
What are some fun things to do in Terrytown?
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There are several fun things to do in Terrytown, LA, including visiting the Bellingrath Gardens & Home, trying your luck at the Trump Taj Mahal Casino, and exploring the city from 34 stories high at Vue Orleans. You can also take a 2-Hour Mississippi River Cruise or go on a Ghost and Cemetery BYOB Bus Tour.
What is the food scene like in Terrytown?
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The food scene in Terrytown, LA, is diverse and exciting, with a range of local favorite restaurants, such as Oceana Grill, Cochon, and Vinnie's Sports Bar & Grill. You can also find great Cajun/Creole cuisine at restaurants like Dooky Chase's Restaurant. There are also plenty of great food trucks and cafes to try.
What are the pros and cons of living in Terrytown?
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The pros of living in Terrytown, LA, include its desirable neighborhoods, affordable housing options, and exciting food scene. However, some cons include the city's high poverty rate and income inequality. According to Data USA, the poverty rate in Terrytown is 21.8%, and the income inequality is 0.444.
Is Terrytown a good place to live?
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Terrytown, LA, can be a good place to live, depending on your individual preferences and priorities. The city offers a range of amenities, including great restaurants, attractions, and neighborhoods. However, it's essential to consider the pros and cons, such as the poverty rate and income inequality, before making a decision. According to Niche, Terrytown has a mixed review, with some residents praising its diversity and affordability, while others criticize its safety and limited job opportunities.
⭐ 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 Terrytown LA Commercial Property: $44,528
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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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