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Waverly, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Waverly, New York Market population: 24K. Compare commercial properties across all major asset classes...

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📊 Average Cap Rate For Waverly MI Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000
Buffalo Multifamily

Discover a compelling investment in Buffalo’s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%
NOI $491,400
Size 65,000 SF

📊 Avg Property Tax Rate For Waverly MI Properties: 3.5563%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000
Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%
NOI $107,842
Size 8,640 SF

Investor Questions For Waverly MI

Common questions from investors exploring commercial real estate in Waverly MI.

What is the overall investment potential of Waverly, MI, considering its demographic and economic factors? +
Waverly, MI presents a stable investment market, with a median household income of $53,520, a relatively low poverty rate of 9.0%, and a high health insurance coverage rate of 94.7%, indicating a reliable tenant base. The top industries, including Information and Finance & Insurance, contribute to a diverse economy, while the 18.4-minute average commute time and high homeownership rate of 54.0% suggest a desirable quality of life. The ethnic diversity, with 40.6% White and 8.2% Black populations, adds to the market's attractiveness.
How does the commute time and health insurance coverage impact the rental market in Waverly, MI? +
The 18.4-minute average commute time in Waverly, MI, combined with a high health insurance coverage rate of 94.7%, suggests a stable and reliable rental market. The commute time indicates convenient access to employment opportunities, while the health insurance coverage rate implies a working population with stable income, making them more likely to be reliable tenants. Additionally, the top commute methods, such as driving alone and working from home, reflect a flexible and adaptable workforce.
What role do the top industries play in shaping the real estate investment landscape in Waverly, MI? +
The top industries in Waverly, MI, including Information, Finance & Insurance, and Public Administration, contribute to a diverse and stable economy, which in turn supports a strong real estate investment market. The presence of these industries, combined with a median household income of $53,520 and a relatively low poverty rate of 9.0%, indicates a high demand for housing and a potential for long-term appreciation in property values. The GINI coefficient of 0.396 also suggests a relatively equal distribution of income, which can lead to a more stable and predictable rental market.
How does the ethnic diversity and foreign-born rate impact the demand for real estate in Waverly, MI? +
The ethnic diversity in Waverly, MI, with 40.6% White, 38.4% White Non-Hispanic, and 8.2% Black populations, contributes to a vibrant and inclusive community, which can attract a wide range of residents and investors. The relatively low foreign-born rate of 3.4% suggests a stable and established population, which can lead to a more predictable and stable real estate market. The diversity of the population, combined with a high homeownership rate of 54.0% and a median property value of $142,700, indicates a strong demand for housing and a potential for long-term appreciation in property values.
What are the implications of the poverty rate and health insurance coverage on the quality of tenants in Waverly, MI? +
The relatively low poverty rate of 9.0% in Waverly, MI, combined with a high health insurance coverage rate of 94.7%, suggests a reliable and stable tenant base. The poverty rate indicates a working population with stable income, while the health insurance coverage rate implies access to healthcare and a lower risk of tenant default. Additionally, the median household income of $53,520 and the top industries, including Information and Finance & Insurance, contribute to a diverse and stable economy, which can attract high-quality tenants and support a strong rental market.

Waverly MI Real Estate & City Facts

Key facts and real estate information about Waverly MI.

What are some of the best neighborhoods to live in Waverly? +
Some of the best neighborhoods to live in Waverly, MI, include the northeast parts of the city, which tend to be more desired, and the central regions, which offer more affordable homes. Neighborhoods like Waverly Park are also popular, but some areas on the west side of Waverly, south of Holmes, may be less desirable.
What are some fun things to do in Waverly? +
There are plenty of fun things to do in Waverly, MI, such as visiting the Lansing Mall for shopping and dining, exploring the Waverly Glen Park, or checking out the Azure Mountain. You can also find unique attractions like the Otherside Paranormal & Mortuary Science Museum or take a tour of the Horrock's Farm Market.
What is the food scene like in Waverly? +
The food scene in Waverly, MI, offers a variety of options, including restaurants like Wild Carrot, Sasquatch Jacks Hideaway Barroom & Grill, and El Sol Mexican Restaurant. There are also plenty of great food trucks and cafes in the area, such as Frederick's Sips N Eats and Gusto Wine Lounge & Restaurant. For a more upscale dining experience, you can try Bowdies Chophouse or EnVie.
What are the pros and cons of living in Waverly? +
The pros of living in Waverly, MI, include its urban-suburban mix feel, good schools, nice parks, and plenty of community events. However, some areas of the city may have higher crime rates or less desirable neighborhoods. Additionally, the city's economy and job market may be affected by its location and industry trends. Overall, Waverly offers a unique blend of small-town charm and big-city amenities, but it's essential to weigh the pros and cons before deciding to move there.
Is Waverly a good place to live? +
Waverly, MI, can be a good place to live, depending on your individual preferences and priorities. The city offers a mix of urban and suburban living, with plenty of amenities, community events, and outdoor activities. However, it's crucial to consider factors like safety, education, and job opportunities when deciding whether Waverly is the right fit for you. With its unique character and blend of small-town charm and big-city amenities, Waverly can be an excellent choice for those looking for a balanced and affordable lifestyle.
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