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Holyoke, CO Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Holyoke, Colorado Market population: 40K. Compare commercial properties across all major asset classes with...

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πŸ“Š Average Cap Rate For Holyoke MA Properties: 5.7%

⭐ Featured

Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF

πŸ“Š Avg Property Tax Rate For Holyoke MA Properties: 1.8800%

⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF

Investor Questions For Holyoke MA

Common questions from investors exploring commercial real estate in Holyoke MA.

What is the overall investment potential of Holyoke, MA, considering its demographic and economic factors? +
The city's median household income of $31,628, combined with a poverty rate of 28.1%, suggests a working-class market with potential for affordable housing investments. The employed population of 14,806 and top industries in Agriculture, Forestry, Fishing & Hunting, & Mining, Public Administration, and Construction indicate a stable job market, while the 96.4% health insurance coverage rate implies a relatively stable tenant base.
How does the ethnic diversity and commute time in Holyoke, MA impact the local real estate market? +
The city's diverse population, with top ethnicities including White (39.5%), Hispanic (26.9%), and White Non-Hispanic (21.7%), contributes to a vibrant cultural scene, which can attract renters and buyers. The average commute time of 20.5 minutes, with top commute methods including driving alone, carpooling, and working from home, indicates a relatively convenient location for residents.
What are the key factors to consider when evaluating the rental yield potential in Holyoke, MA? +
The median property value of $187,200 and median property taxes of $6,453 are important considerations for rental yield potential. Additionally, the poverty rate of 28.1% and health insurance coverage rate of 96.4% suggest a tenant base with relatively stable employment, which can contribute to consistent rental income. The city's homeownership rate of 40.7% also indicates a potential demand for rental properties.
How does the income inequality and industry diversity in Holyoke, MA impact the local economy and real estate market? +
The GINI coefficient of 0.497 indicates a moderate level of income inequality, which can impact the affordability of housing for certain segments of the population. However, the diversity of top industries, including Agriculture, Forestry, Fishing & Hunting, & Mining, Public Administration, and Construction, contributes to a relatively stable economy, which can support a strong real estate market. The median household income of $31,628 and employed population of 14,806 also suggest a working-class market with potential for growth.
What are the implications of the city's health insurance coverage rate and commute time for real estate investors? +
The high health insurance coverage rate of 96.4% implies a relatively stable and healthy tenant base, which can reduce the risk of investment. The average commute time of 20.5 minutes and top commute methods, including driving alone and carpooling, indicate a convenient location for residents, which can increase demand for housing and support rental yields. Additionally, the city's median age of 36.0 and population of 40,029 suggest a relatively stable and growing community, which can contribute to long-term investment potential.

Holyoke MA Real Estate & City Facts

Key facts and real estate information about Holyoke MA.

What are some of the best neighborhoods to live in Holyoke? +
Some of the best neighborhoods to live in Holyoke include Holyoke Highlands North, which is known for being peaceful and family-friendly, as well as other areas in the north part of the city. Additionally, neighborhoods like Oakdale, Elmwood, South Holyoke, Ingleside, Rock Valley, and Smith's Ferry are also popular for their charm and amenities. However, it's worth noting that the southeast regions of the city tend to have more affordable homes.
What are some fun things to do in Holyoke? +
There are plenty of fun things to do in Holyoke, such as visiting the Mount Tom State Reservation, exploring the Holyoke Children's Museum, or taking a stroll through the Ashley Reservoir. You can also check out the Eyrie House Ruins, Holyoke's Frog Circus, or the Dinosaur Footprints. For some indoor fun, head over to the Holyoke Mall or try out an escape room. The city also hosts various events and exhibitions, so be sure to check out the local calendar to see what's happening during your visit.
What is the food scene like in Holyoke? +
The food scene in Holyoke is diverse and exciting, with a range of restaurants serving everything from classic American fare to international cuisine. Some popular spots include Woodstone Tavern, Camellias, Crave Holyoke, JP's Restaurant, and Gran Cocina. You can also find great lunch spots like Fame Lounge/Eatery, and don't forget to try some of the local pizza places like Capri Pizzeria or Pizza D'Action. There are also plenty of great food trucks and cafes to explore, so you're sure to find something that suits your taste.
What are the pros and cons of living in Holyoke? +
Living in Holyoke has its pros and cons. On the plus side, the city has a rich history and culture, with plenty of opportunities to get involved in the community. The cost of living is also relatively low compared to other parts of Massachusetts, and there are some great neighborhoods to choose from. However, the city also faces some challenges, such as a higher-than-average poverty rate and crime rate. Additionally, some areas of the city can be quite run-down, and traffic can be a problem during rush hour. Overall, it's a good idea to weigh the pros and cons carefully and consider what's most important to you before deciding whether to move to Holyoke.
Is Holyoke a good place to live? +
Whether or not Holyoke is a good place to live depends on your individual priorities and preferences. If you're looking for a city with a strong sense of community and a low cost of living, Holyoke might be a great fit. However, if you're concerned about safety or prefer a more affluent area, you might want to consider other options. It's also worth noting that the city is working to revitalize and improve certain areas, so there may be opportunities for growth and development in the future. Ultimately, it's a good idea to visit Holyoke and get a feel for the city before making a decision.

πŸ“Š Average Income For Holyoke MA Commercial Property: $31,628

⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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