The purpose of this article is to give a friendly whack upside the head to people who own rental property. You probably made a good investment when you first bought the property. But have you owned it too long?Depending on how long you've held your property, it might not be a good investment anymore. I didn't say not a good property; I said not a good investment. Read on to find a simple way to determine if your property is still measuring up. You may be in for a surprise!First, … (1 comments)
commercial real estate: Sioux Falls South Dakota Real Estate August Report
- 09/19/08 11:27 AM
Sioux falls continues to be a stable and strong market compared to many other parts of the country. Foreclosure rates remain relatively low, and we continue to maintian a strong economy including a low unemployment rate. I would like to share with you some recent monthly statistics according to the REALTOR'S Association of the Sioux Empire (RASE). New listings have increased -19.9% since the same time last year. But are only down -8% year to date from the same point last year. The average sales price for the month of August has decreased 1.4% to $173,453. But down 6.6% over the last year averaging $160,384. … (2 comments)
Property Description:Fully Leased Medical Strip Center. (Regional Clinic, Regional Drug Store and Optometrist)10 year leases, with escalators.Prime location at south gateway to Windom.Good traffic count 11,700 cars per day.Owners are Licensed Real Estate Broker in SD. $2,100,000 7.5% CAP Great investment especially for 1031 exchange! James C. Johnson Broker Associate Legacy Real Estate 605.366.0980 jjohnson@legacysiouxfalls.com
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