Wright, MN High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Wright, Minnesota Market population: 25K. Explore income-producing properties with verified cap rates and operating...
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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 Wright FL Properties: 0.7500%
⭐ 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 Wright FL
Common questions from investors exploring commercial real estate in Wright FL.
What's the overall investment potential of Wright, FL, considering its demographics and economy?
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With a median household income of $44,830 and a poverty rate of 17.4%, Wright, FL, presents a mixed bag for investors. The city's diverse economy, led by Public Administration, Finance & Insurance, and Wholesale Trade, supports a relatively stable employment market, while its 19.7-minute average commute time and 79.6% health insurance coverage rate suggest a decent quality of life for residents.
How does the city's ethnic diversity and industry mix impact market demand for real estate?
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The presence of White, White Non-Hispanic, and Hispanic populations in Wright, FL, indicates a relatively diverse community, which can contribute to a vibrant rental market. The top industries, including Public Administration and Finance & Insurance, attract a stable workforce, potentially driving demand for housing, especially considering the city's 48.6% homeownership rate and $156,900 median property value.
What are the implications of Wright, FL's poverty rate and health insurance coverage for tenant quality and stability?
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The 17.4% poverty rate in Wright, FL, combined with 79.6% health insurance coverage, suggests that while there may be some challenges with tenant stability, the overall employment situation and access to healthcare can mitigate these risks. Investors should consider these factors when assessing potential rental income and property management strategies.
How do commute times and transportation methods in Wright, FL, affect the quality of life and attractiveness of the area for investors?
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The average commute time of 19.7 minutes in Wright, FL, is relatively short, and the prevalence of driving alone, carpooling, and working from home as commute methods indicates a flexible and potentially convenient transportation environment. This can enhance the quality of life for residents and make the area more appealing to investors looking for stable, long-term rentals.
What role do income inequality and median property taxes play in shaping the real estate investment landscape in Wright, FL?
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With a GINI coefficient of 0.419, indicating moderate income inequality, and median property taxes of $5,020, Wright, FL, presents a complex picture for investors. While the income inequality may impact tenant stability and rental income, the relatively high median property taxes could influence cash flow and investment returns, making it essential for investors to carefully consider these factors in their investment strategies.
Wright FL Real Estate & City Facts
Key facts and real estate information about Wright FL.
What are some of the best neighborhoods to live in Wright?
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Some of the best neighborhoods to live in Wright, FL include Downtown Fort Walton Beach, Elliott Point, Kenwood, Overbrook, Ferry Park, and Cinco Bayou. These neighborhoods offer a range of housing options, from affordable to luxury, and are close to amenities like schools, parks, and shopping centers.
What are some fun things to do in Wright?
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There are plenty of fun things to do in Wright, FL, including visiting the Gulfarium Marine Adventure Park, going parasailing with Just Chute Me Parasail, or exploring the Wild Willy's Adventure Zone. You can also take a scenic boat tour along the Apalachicola River or visit the nearby city of Apalachicola for some historic charm.
What is the food scene like in Wright?
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The food scene in Wright, FL is diverse and delicious, with plenty of options for seafood lovers. Some top-rated restaurants include Stewby's Seafood Shanty, The Remedy, and The Shack - Original Waterfront Crab Shack. There are also plenty of great food trucks and casual eateries serving up everything from burgers to tacos.
What are the pros and cons of living in Wright?
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The pros of living in Wright, FL include its beautiful beaches, outdoor recreational opportunities, and a growing food and cultural scene. However, some cons include the potential for hurricane damage, traffic congestion during tourist season, and a limited job market in certain industries. Overall, Wright is a great place to live for those who value a relaxed, coastal lifestyle.
Is Wright a good place to live?
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Wright, FL can be a great place to live for the right person. With its beautiful beaches, outdoor recreational opportunities, and growing food and cultural scene, it's an ideal spot for those who value a relaxed, coastal lifestyle. However, it's worth considering the potential downsides, such as hurricane damage and a limited job market in certain industries. Ultimately, whether Wright is a good place to live depends on your individual priorities and preferences.
⭐ 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 Wright FL Commercial Property: $44,830
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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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