Viola, ID High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Viola, Idaho Market population: 7K. Explore income-producing properties with verified cap rates and operating...
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⭐ 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
📊 Avg Property Tax Rate For Viola NY Properties: 1.8900%
📊 Average Income For Viola NY Commercial Property: $64,417
Investor Questions For Viola NY
Common questions from investors exploring commercial real estate in Viola NY.
What's the overall investment potential of Viola, NY, considering its demographics and economy?
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Viola, NY's population of 6,785, with a median age of 23.5 and a median household income of $64,417, suggests a relatively young and stable workforce. The poverty rate of 20.9% is somewhat mitigated by a high health insurance coverage rate of 92.4%, indicating a level of employment stability and access to healthcare, which can be attractive for investors looking for a working-class market with potential for growth.
How does the ethnic diversity and industry landscape of Viola impact real estate investment?
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The ethnic diversity in Viola, with top ethnicities being White (48.3%), White Non-Hispanic (47.6%), and Hispanic (1.5%), combined with its top industries in Construction, Wholesale Trade, and Finance & Insurance, suggests a market with a strong foundation in core economic sectors. This diversity and industrial base can contribute to a stable and growing demand for housing, making it an interesting prospect for real estate investors looking to capitalize on a multifaceted local economy.
What are the implications of commute times and health insurance coverage for real estate investors in Viola?
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The average commute time of 33.0 minutes in Viola, with a majority driving alone but a notable percentage using public transit, indicates a city with relatively manageable commute times and some level of infrastructure for public transportation. When combined with the high health insurance coverage rate of 92.4%, this suggests a population with access to employment opportunities and healthcare, which can contribute to a stable rental market and attract investors looking for reliable returns.
How do poverty rates and homeownership rates influence the rental market in Viola?
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The poverty rate of 20.9% in Viola, alongside a homeownership rate of 55.0%, suggests a rental market with potential for growth, as a significant portion of the population may be looking for affordable housing options. Investors considering Viola should weigh the potential for rental income against the challenges posed by the poverty rate, potentially finding opportunities in affordable housing initiatives or renovations that can attract a stable tenant base.
What role do median property values and property taxes play in the investment decision for Viola, NY?
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With a median property value of $537,600 and median property taxes of $1,137, Viola presents a scenario where property values are substantial, but so are the taxes. Investors need to carefully consider these costs in their investment calculations, weighing the potential for property appreciation and rental yields against the upfront and ongoing expenses associated with property ownership in Viola, particularly in a market with a notable poverty rate and specific industry drivers.
Viola NY Real Estate & City Facts
Key facts and real estate information about Viola NY.
What are some of the best neighborhoods to live in Viola?
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Some of the best neighborhoods to live in Viola include Viola Monsey, which is a moderate-income neighborhood with a strong sense of community. Other nearby neighborhoods like Park Hill and Northwest Yonkers are also worth considering.
What are some fun things to do in Viola?
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There are plenty of fun things to do in and around Viola, such as visiting Manny Weldler Park, which has a new playground, picnic area, tennis, and paddleball. You can also explore the historic hamlets of Essex, Keeseville, Westport, Fort Ticonderoga, and Port Henry, which are lined with interesting historic sites.
What is the food scene like in Viola?
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The food scene in and around Viola is diverse, with a range of restaurants serving different cuisines. While there may not be many restaurants directly in Viola, nearby cities like Mineola and Albany have a variety of options, including Ariella's Restaurant and Ophelia's on Broadway. There are also plenty of great food trucks and cafes in the area.
What are the pros and cons of living in Viola?
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The pros of living in Viola include its strong sense of community, moderate income, and nearby access to historic sites and outdoor activities. However, some cons may include limited job opportunities and a relatively high cost of living. It's also worth considering the nearby neighborhoods and cities, which may offer more amenities and services.
Is Viola a good place to live?
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Viola can be a good place to live for those who value a strong sense of community and are looking for a moderate-income neighborhood. While it may not have all the amenities and services of a larger city, its nearby access to historic sites, outdoor activities, and diverse food scene make it an attractive option for some. Ultimately, whether Viola is a good place to live depends on your individual priorities and preferences.
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