West Little River, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in West Little River, Florida Market population: 31K. Browse multifamily, office, retail, industrial, and mixed-use...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For West Little River FL Properties: 4.3450%

📊 Average Income For West Little River FL Commercial Property: $30,565

Investor Questions For West Little River FL

Common questions from investors exploring commercial real estate in West Little River FL.

What is the overall investment potential of West Little River, FL, considering its demographic and economic factors? +

The city's median household income of $30,565, combined with a poverty rate of 23.2% and a health insurance coverage of 74.9%, suggests a working-class market with some employment stability. The top industries, including Finance & Insurance and Public Administration, contribute to a relatively stable economy, while the ethnic diversity, with 33.1% Hispanic, 32.3% Black, and 21.2% White populations, indicates a potentially vibrant and diverse rental market.

How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in West Little River, FL? +

The average commute time of 28.8 minutes, with top commute methods including Drove Alone, Carpooled, and Public Transit, indicates a relatively manageable commute, which can contribute to a better quality of life for residents. This, combined with a health insurance coverage rate of 74.9%, suggests a stable and attractive environment for renters, potentially supporting a strong rental market.

What are the implications of the city's income inequality and poverty rate on the real estate investment market? +

The GINI coefficient of 0.427 and a poverty rate of 23.2% suggest a notable level of income inequality, which may impact the affordability and demand for housing. However, the median property value of $119,000 and median property taxes of $5,548, along with a homeownership rate of 58.7%, indicate a relatively affordable housing market, potentially offsetting some of the negative effects of income inequality on investment potential.

How does the ethnic diversity and industry mix in West Little River, FL, influence the demand for rental properties? +

The city's ethnic diversity, with significant Hispanic, Black, and White populations, can contribute to a dynamic and growing rental market, as different ethnic groups may have varying housing preferences and needs. The top industries, including Finance & Insurance and Manufacturing, can also drive demand for rental properties, particularly from employees in these sectors who may prefer to rent rather than buy, thus supporting a strong and diverse rental market.

What are the key factors to consider when evaluating the potential return on investment (ROI) for real estate investments in West Little River, FL? +

When evaluating ROI, consider the median property value of $119,000, median property taxes of $5,548, and the average commute time of 28.8 minutes, which can impact property appreciation and rental yields. Additionally, the poverty rate of 23.2%, health insurance coverage of 74.9%, and the top industries, including Finance & Insurance and Public Administration, should be taken into account, as they can influence the stability and growth of the local economy and, consequently, the potential for long-term appreciation and rental income.

West Little River FL Real Estate & City Facts

Key facts and real estate information about West Little River FL.

What are some of the best neighborhoods to live in West Little River? +

Some of the best neighborhoods to live in West Little River include the central parts of the city, which tend to be more desired, while more affordable homes can be found in the northeast regions. Neighborhoods like Little River and West Little River offer a mix of old and new homes, with some areas undergoing revitalization.

What are some fun things to do in West Little River? +

There are plenty of fun things to do in West Little River, including visiting the Museum of Sex, exploring the Phillip and Patricia Frost Museum of Science, and taking a stroll along the Miami River. You can also check out the local art scene, visit the Reserved store for indie finds, or grab a bite to eat at one of the many restaurants in the area, such as Sunny's or Fooq's.

What is the food scene like in West Little River? +

The food scene in West Little River is diverse and vibrant, with a range of restaurants serving everything from Haitian cuisine at TeeZee Tasty Cuisine to modern Mediterranean dishes at AbbalÃ©. You can also find great spots for steak, like Sunny's Steakhouse, or try some of the best restaurants in the city, like Michael's Genuine Food & Drink or Phuc Yea. There are also plenty of great food trucks and casual eateries to choose from.

What are the pros and cons of living in West Little River? +

Living in West Little River has its pros and cons. On the plus side, the area is undergoing revitalization, with new restaurants, shops, and art galleries popping up. The community is also diverse and vibrant, with a mix of old and new residents. However, some areas can be quite affordable, while others are more expensive. Additionally, traffic and parking can be a challenge, especially during peak hours. Overall, it's a great place to live for those who want to be part of a thriving community with a lot to offer.

Is West Little River a good place to live? +

West Little River can be a great place to live, depending on your priorities and preferences. The area offers a unique blend of culture, food, and entertainment, with a thriving arts and culture scene. While it may have its challenges, such as traffic and affordability, the community is diverse and vibrant, and there are many great restaurants, shops, and attractions to explore. Ultimately, whether West Little River is a good place to live depends on your individual needs and lifestyle.

West Little River, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For West Little River FL Properties: 4.3450%

📊 Average Income For West Little River FL Commercial Property: $30,565

Investor Questions For West Little River FL

West Little River FL Real Estate & City Facts

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