Reading, KS High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Reading, Kansas Market population: 90K. 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 Reading PA Properties: 4.3450%
⭐ 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 Reading PA
Common questions from investors exploring commercial real estate in Reading PA.
What is the overall investment potential of Reading, PA, considering its demographics and economy?
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The city's median household income of $34,829, combined with a poverty rate of 28.8% and a high health insurance coverage of 92.1%, suggests a working-class market with some employment stability. The top industries, including Health Care & Social Assistance and Retail Trade, indicate a diverse economy, while the 43.9% Hispanic population and 22.6% foreign-born rate contribute to a culturally rich and potentially vibrant rental market.
How does the quality of life in Reading, PA, impact its attractiveness to renters and investors?
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The average commute time of 23.8 minutes, with 73.2% of residents driving alone and 6.2% using public transit, indicates relatively convenient transportation options. Additionally, the high health insurance coverage rate of 92.1% and a median age of 30.4 suggest a relatively stable and healthy population, making it an attractive location for renters and investors alike.
What are the key factors to consider when evaluating the rental market in Reading, PA?
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The median property value of $73,400, median property taxes of $2,665, and a homeownership rate of 43.8% provide insight into the affordability and potential rental yields. Furthermore, the poverty rate of 28.8%, combined with the top industries and ethnic diversity, suggests a market with a mix of low- and moderate-income renters, which can impact rental income and property management strategies.
How does the ethnic diversity and industry mix in Reading, PA, influence market demand and investment opportunities?
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The city's diverse population, with 43.9% Hispanic, 24.8% White, and 11.4% White Non-Hispanic, contributes to a unique cultural landscape and potentially strong demand for rental properties. The top industries, including Health Care & Social Assistance, Retail Trade, and Accommodation & Food Services, indicate a stable employment base and opportunities for investors to cater to the needs of these workers and their families.
What are the implications of the GINI coefficient and income inequality for real estate investors in Reading, PA?
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The GINI coefficient of 0.456, indicating moderate income inequality, combined with a median household income of $34,829 and a poverty rate of 28.8%, suggests that investors should be aware of the potential for uneven distribution of wealth and its impact on the rental market. However, the city's diverse economy and relatively high health insurance coverage rate of 92.1% may help mitigate some of these effects, presenting opportunities for investors to provide affordable and attractive housing options.
Reading PA Real Estate & City Facts
Key facts and real estate information about Reading PA.
What is the overall quality of life in Reading, PA?
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The city has a relatively low average commute time of 23.8 minutes and a high health insurance coverage rate of 92.1%, indicating a relatively stable and healthy population.
What are the top industries in Reading, PA?
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The top industries in Reading, PA are Health Care & Social Assistance, Retail Trade, and Accommodation & Food Services.
What is the ethnic diversity like in Reading, PA?
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The city has a diverse population, with 43.9% Hispanic, 24.8% White, and 11.4% White Non-Hispanic.
What are the key factors to consider when evaluating the rental market in Reading, PA?
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The median property value of $73,400, median property taxes of $2,665, and a homeownership rate of 43.8% provide insight into the affordability and potential rental yields.
How does the property tax rate affect investments in Reading, PA?
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The property tax rate affects the net operating income (NOI) of a property, and a higher tax rate can decrease the NOI and affect the property's value.
⭐ 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 Reading PA Commercial Property: $34,829
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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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