Alma, GA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Alma, Georgia Market population: 9K. Compare commercial properties across all major asset classes with...
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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 Alma MI Properties: 1.9000%
⭐ 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 Alma MI
Common questions from investors exploring commercial real estate in Alma MI.
What's the overall investment potential of Alma, MI, considering its demographics and economy?
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Alma, MI's population of 9,448, with a median age of 29.4 and a diverse ethnicity mix, including 83.1% White and 6.3% Hispanic or Latino, presents a unique investment opportunity. The city's median household income of $43,419, combined with a poverty rate of 23.1% and a high health insurance coverage rate of 95.3%, suggests a working-class market with employment stability, making it attractive for real estate investment.
How does the local economy impact the real estate market in Alma, MI?
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The local economy, driven by top industries such as Manufacturing, Educational Services, and Health Care & Social Assistance, contributes to a relatively stable employment market, with an employed population of 4,346 and an unemployment rate of 3.8%. This, coupled with the city's average commute time of 18.4 minutes and a high rate of health insurance coverage, indicates a solid foundation for real estate investment, as it suggests a reliable tenant base.
What are the key factors to consider when evaluating the housing market in Alma, MI?
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When assessing the housing market in Alma, MI, it's essential to consider the median property value of $93,400, median property taxes of $1,737, and a homeownership rate of 54.6%. Additionally, the poverty rate of 23.1% and the fact that 43.2% of renters pay over 30% of their income on rent, suggest a need for affordable housing options, which could be an opportunity for investors to provide quality, affordable rentals, especially given the city's diverse ethnicities and growing industries.
How does the quality of life in Alma, MI impact its attractiveness to real estate investors?
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The quality of life in Alma, MI, characterized by an average commute time of 18.4 minutes, a high health insurance coverage rate of 95.3%, and a relatively low GINI coefficient of 0.421, indicates a stable and attractive environment for residents. This, combined with the city's ethnic diversity, including a significant Hispanic or Latino population, and its top industries, makes Alma, MI an appealing location for real estate investment, as it suggests a strong demand for housing from a diverse and relatively stable workforce.
What role do demographics and commute patterns play in assessing the investment potential of Alma, MI?
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The demographics of Alma, MI, including its median age of 29.4 and foreign-born rate of 2.1%, along with its commute patterns, such as an average commute time of 18.4 minutes and a preference for driving alone, provide valuable insights into the city's investment potential. The high percentage of the population driving alone and the relatively short commute time suggest a city with good infrastructure, which, when combined with the poverty rate and health insurance coverage, indicates a market with potential for growth and stability, making it an attractive option for real estate investors.
Alma MI Real Estate & City Facts
Key facts and real estate information about Alma MI.
What are some of the best neighborhoods to live in Alma?
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Some of the best neighborhoods to live in Alma, MI, are Chessman-Harrison, which is known for being peaceful and family-friendly, and the southwest parts of the city, which tend to have more desired areas with higher median house prices. Other neighborhoods like Mount Pleasant and Shepherd are also nearby and offer a mix of affordability and quality of life.
What are some fun things to do in Alma?
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There are several fun things to do in Alma, MI, including visiting the Mt Pleasant Discovery Museum, attending the Alma Highland Festival, exploring the unique specialty shops in the downtown historic district, and checking out the murals downtown. You can also grab a drink at the Alma Brewing Company or visit the Block House, a unique bar with events and catering available.
What is the food scene like in Alma?
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The food scene in Alma, MI, offers a variety of options, including fine dining at places like Camille's Prime and Francesco's Bistro, as well as more casual eats at restaurants like Petticoat Junction and Alma Main Cafe. There are also plenty of great food trucks and bars, such as the Block House, which serves comfort food with a twist. Additionally, you can find chain restaurants like Arby's and local brewpubs like Alma Brewing Co.
What are the pros and cons of living in Alma?
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Living in Alma, MI, has its pros and cons. On the plus side, the city offers a small-town feel with a cozy community atmosphere, affordable housing options, and a relatively low cost of living. However, some drawbacks include a limited job market, with top industries being manufacturing, educational services, and healthcare, and a higher poverty rate compared to other cities. Additionally, the city's remote location may make it difficult to access certain amenities or services.
Is Alma a good place to live?
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Whether Alma, MI, is a good place to live depends on your individual preferences and priorities. If you value a close-knit community, affordable housing, and a relaxed pace of life, Alma may be an excellent choice. However, if you're looking for a more urban environment with a wider range of job opportunities and amenities, you may want to consider other options. Overall, Alma offers a unique blend of small-town charm and natural beauty, making it an attractive option for those who appreciate a more laid-back lifestyle.
⭐ 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 Alma MI Commercial Property: $43,419
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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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