Totowa, NJ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Totowa, New Jersey Market population: 11K. Compare commercial properties across all major asset classes...
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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 Totowa NJ Properties: 2.4400%
⭐ 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 Totowa NJ
Common questions from investors exploring commercial real estate in Totowa NJ.
What's the overall investment potential of Totowa, NJ, considering its demographic and economic indicators?
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Totowa, NJ offers a stable investment market, with a median household income of $76,319, a relatively low poverty rate of 6.5%, and a high health insurance coverage rate of 95.7%, indicating a reliable tenant base. The city's diverse population, comprising White, Hispanic or Latino, and Asian ethnicities, and its strong industries like Healthcare & Social Assistance, Retail Trade, and Manufacturing, contribute to its market demand. Additionally, the average commute time of 30.2 minutes and the prevalence of public transportation suggest a well-connected city with solid infrastructure for renters.
How does the city's ethnic diversity and industry mix impact the rental market?
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The ethnic diversity in Totowa, NJ, with top ethnicities being White, Hispanic or Latino, and Asian, contributes to a vibrant and inclusive community, which can attract a wide range of renters. The city's top industries, including Healthcare & Social Assistance, Retail Trade, and Manufacturing, provide a stable source of employment, with 5,281 employed individuals, and a median household income of $76,319, which can support rental yields. Furthermore, the city's low poverty rate of 6.5% and high health insurance coverage rate of 95.7% suggest a reliable and stable tenant base.
What are the key factors to consider when evaluating the quality of life for renters in Totowa, NJ?
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When evaluating the quality of life for renters in Totowa, NJ, consider the average commute time of 30.2 minutes, which is relatively moderate, and the fact that 95.7% of the population has health insurance, indicating access to healthcare. The city's median property value of $341,400 and median property taxes of $10,100 also impact the overall cost of living. Additionally, the city's diverse population and strong industries contribute to a vibrant community, making it an attractive location for renters.
How does the city's commute infrastructure and healthcare access impact its attractiveness to renters?
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Totowa, NJ's commute infrastructure, with an average commute time of 30.2 minutes and a range of transportation options, including public transportation, makes it an attractive location for renters who value convenience and accessibility. The city's high health insurance coverage rate of 95.7% also suggests that renters have access to quality healthcare, which is a key consideration for many individuals. Furthermore, the city's strong industries, including Healthcare & Social Assistance, and its diverse population, contribute to a stable and desirable community.
What insights can be gleaned from the city's poverty rate, health insurance coverage, and industry mix when assessing tenant quality and market stability?
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The combination of a relatively low poverty rate of 6.5% and high health insurance coverage rate of 95.7% in Totowa, NJ suggests a working-class market with employment stability. The city's industry mix, including Healthcare & Social Assistance, Retail Trade, and Manufacturing, provides a stable source of employment, which can support rental yields. Additionally, the city's diverse population and moderate average commute time of 30.2 minutes contribute to a stable and attractive market for renters, making it an appealing location for real estate investors.
Totowa NJ Real Estate & City Facts
Key facts and real estate information about Totowa NJ.
What are some of the best neighborhoods to live in Totowa?
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Some of the best neighborhoods to live in Totowa include Totowa II, Mountain View, Packanack Lake, and the western portions of the city. These neighborhoods are known for being safe, family-friendly, and having pleasant surroundings.
What are some fun things to do in Totowa?
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There are plenty of fun things to do in Totowa, including visiting the Lena Di Gangi Gallery & Studio, exploring the Saddle River Pathway South Entrance, and checking out the 46 Farmer's Market Co. You can also visit the Uncorked Wine Shop & Lounge or go to the K1 Speed Totowa for some adrenaline-pumping fun.
What is the food scene like in Totowa?
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The food scene in Totowa is diverse and exciting, with a range of restaurants serving Latin American, Caribbean, and Italian cuisine. Some popular restaurants include Cyndia's, Robert's Scratch Kitchen, Luciano's, and Cucina 545. There are also plenty of great food trucks and diners to try.
What are the pros and cons of living in Totowa?
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The pros of living in Totowa include its safe neighborhoods, pleasant surroundings, and stable housing market. However, some cons include the relatively high cost of living and the need to adjust to a new definition of 'affordable' housing. Additionally, traffic and commute times can be a challenge in the area.
Is Totowa a good place to live?
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Overall, Totowa is a good place to live, with its safe neighborhoods, diverse food scene, and range of fun things to do. While it may have some challenges, such as a high cost of living and traffic, the city's pleasant surroundings and stable housing market make it an attractive option for families and individuals looking for a comfortable 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 Totowa NJ Commercial Property: $76,319
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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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