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Lake Monticello, VA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lake Monticello, Virginia Market population: 86K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF

📊 Avg Property Tax Rate For Lake Monticello VA Properties: 0.8400%

📊 Average Income For Lake Monticello VA Commercial Property: $74,728

Investor Questions For Lake Monticello VA

Common questions from investors exploring commercial real estate in Lake Monticello VA.

What's the overall investment potential of Norwalk, CT? +
With a median household income of $74,728 and a relatively low poverty rate of 9.4%, Norwalk presents a stable investment market, further supported by its diverse economy, including top industries like Finance & Insurance, and Real Estate & Rental & Leasing, which attract a wide range of professionals, including those from the 37.3% White and 15.3% Hispanic populations.
How does the commute time and health insurance coverage impact the rental market? +
The average commute time of 24.4 minutes, combined with a high health insurance coverage rate of 84.7%, suggests a reliable and healthy workforce, which is ideal for renters, and with 58.8% of the population being homeowners, there's a sizable rental market, especially considering the top commute methods include public transit, indicating a well-connected city.
What role does ethnic diversity play in the demand for real estate? +
The ethnic diversity in Norwalk, with top ethnicities including White (37.3%), White Non-Hispanic (28.5%), and Hispanic (15.3%), contributes to a vibrant cultural scene, which can increase demand for real estate, particularly in areas with amenities catering to these diverse groups, and with a median property value of $424,200, there's potential for appreciation in areas with high demand.
How does the poverty rate and employment population affect tenant quality? +
The 9.4% poverty rate, although relatively low, combined with an employed population of 47,137 and a median household income of $74,728, indicates a working-class market with employment stability, and the 84.7% health insurance coverage further suggests that tenants are likely to be reliable, making Norwalk an attractive location for rental investments.
What are the implications of the GINI coefficient and median property taxes for real estate investors? +
The GINI coefficient of 0.483, indicating moderate income inequality, and median property taxes of $23,095, suggest that investors should consider the balance between property values and taxes when evaluating investment opportunities, and with a median property value of $424,200, it's essential to weigh the potential for appreciation against the tax burden, particularly in a city with a diverse economy and relatively high homeownership rate of 58.8%.

Lake Monticello VA Real Estate & City Facts

Key facts and real estate information about Lake Monticello VA.

What are some of the best neighborhoods to live in Lake Monticello? +
Some of the best neighborhoods to live in Lake Monticello include the northwest parts of the city, which tend to be more desired, while more affordable homes can be found in the northeast regions. Specifically, neighborhoods like Sacred Acres and areas near the lake are popular among residents.
What are some fun things to do in Lake Monticello? +
There are plenty of fun things to do in Lake Monticello, including visiting the Monticello attraction, exploring the University of Virginia, and enjoying the outdoors at Pleasant Grove Park. You can also take a tour of the Sacred Acres Alpaca Farm or visit the James Monroe's Highland historic landmark.
What is the food scene like in Lake Monticello? +
The food scene in Lake Monticello is diverse and exciting, with a range of restaurants to choose from. Some popular options include the Monticello Café, which serves sandwiches and salads, and Sal's Italian Restaurant, which offers delicious Italian cuisine. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Lake Monticello? +
The pros of living in Lake Monticello include its beautiful scenery, outdoor recreational opportunities, and historic attractions. However, some cons include the potential for high water bills and HOA fees, as well as the need for a car to get around. Overall, it's a great place to live for those who value community and natural beauty.
Is Lake Monticello a good place to live? +
Yes, Lake Monticello is a good place to live, offering a unique blend of natural beauty, historic charm, and community spirit. While it may have some drawbacks, such as high water bills and limited public transportation, the benefits of living in Lake Monticello make it a great choice for many people. From its scenic lake views to its vibrant local culture, Lake Monticello has something to offer for everyone.
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