|
Home to Virginia Tech, the town of Blacksburg, VA is the second largest rental market in Virginia and enjoys 100 percent occupancy rate, two major reasons that Blacksburg investment properties are so popular.
Rental properties are in high demand due to the transient population of Virginia Tech, professors, students and professionals working at the Corporate Research Center make up the bulk of this group of renters.
The Purchasers of rental properties are typically cash flow investors and parents of Virginia Tech students. Parents see the value of purchasing a property for their student to live in while renting additional rooms to their friends. The rent from roommates often pays the monthly mortgage payment reducing four years of housing costs. Some families have multiple children attending Virginia Tech at different intervals so the investment continues to grow. Upon graduation some parents “cash out” and sell their investments while others hang on and continue to rent to incoming students with the help of a property management service. Blacksburg Real Estate Inc. currently has properties that have been in the same family for 10 years or more.
Blacksburg rental properties include apartment complexes, condos, town homes and single family residences. Blacksburg is the largest town in Virginia with a population of 42,000 so there are plenty single family residences and affordable options for retirees, families and single professionals. The residents of Blacksburg enjoy the fantastic scenery, outdoor recreational opportunities, excellent schools, shopping, the arts, free lectures and Virginia Tech sports. It also enjoys the distinction of being one of the most wired communities on the planet.
Blacksburg Real Estate Inc. is located in the heart of downtown Blacksburg and specializes in investment properties, providing the knowledge and tools you need to make an informed decision. Call Ann Moore, a local business owner and resident for your real estate needs, property management is also available, a one stop shop.
|
|
|
