Eldridge, AL Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Eldridge, Alabama Market population: 6K. Compare commercial properties across all major asset classes with...
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10 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 Eldridge IA Properties: 1.1500%
⭐ 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 Eldridge IA
Common questions from investors exploring commercial real estate in Eldridge IA.
What's the overall investment potential of Eldridge, IA, considering its demographics and economy?
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Eldridge, IA, with a population of 5,783 and a median age of 36.4, presents a stable investment market, given its median household income of $55,000 and a relatively low poverty rate of 4.7%, indicating a strong and stable workforce, which is further supported by its high health insurance coverage rate of 96.3% and diverse top industries including Finance & Insurance, and Real Estate & Rental & Leasing, and Manufacturing.
How does the ethnic diversity and commute time in Eldridge, IA, impact the rental market?
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The ethnic diversity in Eldridge, IA, with top ethnicities being White, White Non-Hispanic, and Hispanic, suggests a potentially diverse rental market, and when combined with an average commute time of 18.4 minutes and top commute methods including driving alone and working from home, it indicates a convenient and flexible living environment that could attract a wide range of renters, further supported by the high employment rate and low poverty level.
What are the key factors indicating market stability in Eldridge, IA, for real estate investors?
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The market stability in Eldridge, IA, can be inferred from its low poverty rate of 4.7%, high health insurance coverage of 96.3%, and a relatively low GINI coefficient of 0.441, suggesting income equality and access to healthcare, which are crucial for a stable tenant base, and when considered alongside the short average commute time of 18.4 minutes, it paints a picture of a reliable and attractive market for investors.
How does the homeownership rate and median property value in Eldridge, IA, influence the rental yield?
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With a homeownership rate of 77.2% and a median property value of $174,300, Eldridge, IA, presents an interesting dynamic for rental yield, as the high homeownership rate might suggest a lower demand for rentals, but the relatively high median property value could indicate a potential for higher rental incomes, especially considering the strong employment in industries like Finance & Insurance, and Real Estate & Rental & Leasing, which could support higher rent levels.
What insights can be gained from the top industries and health insurance rate in Eldridge, IA, for assessing tenant quality?
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The top industries in Eldridge, IA, including Finance & Insurance, and Real Estate & Rental & Leasing, and Manufacturing, suggest a stable and potentially high-income workforce, which, combined with a high health insurance rate of 96.3%, indicates a high level of employment stability and access to healthcare, suggesting that tenants in this area are likely to be reliable and have a stable income, making for a lower-risk rental investment.
Eldridge IA Real Estate & City Facts
Key facts and real estate information about Eldridge IA.
What are some of the best neighborhoods to live in Eldridge?
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Some of the best neighborhoods to live in Eldridge, IA, include Park View and Long Grove. These areas are known for their dense suburban feel and high percentage of homeowners. Many families and young professionals live in these neighborhoods, which offer a great quality of life.
What are some fun things to do in Eldridge?
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Eldridge, IA, has a variety of fun activities to enjoy, including visiting the Helium Trampoline Park, playing a round of golf at the 9-hole golf course, and practicing yoga at Backwards Yoga. You can also explore the Eldridge Community Center, which hosts special events and has an indoor roller-skating rink.
What is the food scene like in Eldridge?
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The food scene in Eldridge, IA, offers a range of delicious options, including Maloney's Pub, TASTY CAFE, Al & Gerry's Tap, and Park View Cafe. You can also find great pizza at Hall of Fame Pizza & Wings and try some Mexican cuisine at Cabos Cantina & Grill. There are also plenty of great food trucks and restaurants serving Chinese and American comfort food.
What are the pros and cons of living in Eldridge?
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The pros of living in Eldridge, IA, include its dense suburban feel, high percentage of homeowners, and great quality of life. However, some cons include limited job opportunities and a relatively high cost of living. Additionally, the town may not have as many cultural or entertainment options as larger cities, but it makes up for it with its strong sense of community and small-town charm.
Is Eldridge a good place to live?
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Overall, Eldridge, IA, is a great place to live, offering a unique blend of small-town charm and modern amenities. Its strong sense of community, good schools, and low crime rate make it an attractive option for families and young professionals. While it may have some limitations, the town's pros outweigh its cons, making it a wonderful place to call home.
⭐ 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 Eldridge IA Commercial Property: $55,000
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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 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
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⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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