Featured Property:
4526 Old Cave Spring Road  FOR SALE OR LEASE - This stand-alone building is located in an established office park equidistant form commercial and residential areas. It features great visibility, traffic counts, and proximity to the area's best demographic. Each suite has its own separate walk-in entrance and separate utilities. Both floor plans are suitable for just about any user. Let the 2nd tenant pay your mortgage! - Call Richard or Bryan for more information.
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MarketWatch
The Demand for Apartments Continues.
Investors purchase income producing real estate to make money, and that is exactly what a properly managed and maintained apartment building will bring. That kind of manageable risk is one of the things that makes multifamily properties a favorite vehicle for many investors. Another advantage is that multifamily property typically offers a higher ratio of building to land value which means more of the capital investment can be depreciated. Additionally, the depreciation life of residential income property (27.5 years) is shorter than other commercial property types (39 years). Combined, these two factors can result in higher annual depreciation write-offs. Industry projections show apartment demand and multifamily property values rising over the next 10 years. In Roanoke, apartment building values have held steady or increased even in the face of the recession. Now may be the time to capitalize on the many investment advantages this property type offers. |
