Cohasset Multi-Family Homes

Cohasset is located 20 miles southeast of Boston on the Massachusetts Bay in Norfolk County. The Massachusetts Bay shoreline provides beaches and opportunities for sailing and boating. Hiking and cross-country skiing are available at Thayer and Whitney Woods. Downtown, there are boutiques, galleries, and restaurants. A modern business district is on State Route 3A. The city is a typical New England village with views of lobster boats and Minot's Lighthouse on the harbor.

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The city has a population of 8,461 comprised of 91-percent white-collar workers. With a 74-percent rate of adults with a bachelor's degree or higher, this city is above the national average by 50-percent. These residents can be classified as "urban sophisticates." They are educated and wealthy individuals whose interests include travel, food, books, museums, theatre, symphonies, ballet, and opera. It is a family-oriented community with a good public school system. The city also has a thriving art community with a top 10-percent placement in the nation among communities with artists, designers, and others working in visual media. The per capita income is $68,461, and the median household income is $114,750.

The commute to work for residents is on average 34 minutes. The MBTA rail system has a station in the city, and the MBTA bus service can be accessed in nearby Hingham. There is also a ferryboat that residents can use to commute to work.

As of the 2010 census, there were 2,980 housing units in the city with a median value of $872,000 of which 87-percent were owner-occupied. The average price of multi-family housing units is around $1,500,000. However, quite a few two-unit buildings sold for under $500,000 in the past year. The rental properties range from two to five units with one to three bedrooms. The buildings are either recently constructed or renovated older homes. The average rent is $4,750 per month. Real estate market trends show a 15-percent rise in year-over-year median sale prices and a 12-percent rise in median monthly rent.

This city is an upscale market. So, your investment could be greater, but the income generated could also be greater. The desirability of the area would draw more financially stable tenants, so your risk could be lower.

Considering all this information will help you decide if investing in rental property in this city is right for you. However, when making large investments such as this, hiring an experienced and knowledgeable expert is the best idea. A real estate agent that knows the whole area can present you with the financial data for properties in this city including the amount you will have to invest, the occupancy and turnover rate, the resale potential, the likelihood of getting a loan, the cost of a loan, any zoning or other issues, and any potential changes in this market. The real estate agent can then compare the financial data with the possibility of investing the same amount in one or more properties in nearby areas. They can show you which investments can give you the best short and long term return. They can compare the cost of a loan and the likelihood of getting a loan. You can get information on whether investment in more than one property puts you at less financial risk, and whether providing yourself with multiple properties is a better idea if you find yourself considering selling a property to reduce your investment a little.

A knowledgeable and experienced real estate agent is used to considering all these factors on a regular basis and can help you make the best investment decision for the future. When you have decided on the property(s) you want to buy, they can help you approach the seller and negotiate the price so that your bid is accepted over other potential buyers while making sure you do not pay too much. It is well worth it to have an experienced and knowledgeable real estate agent working with you to ensure that you make the most informed decision to protect your investment and future financial success.

If you considering selling rental property, let one of our experienced, knowledgeable real estate agents do a complete market analysis for you, including if now or some time in the future may be the best time to sell. When you decide to sell we have a large database, that is researched by potential buyers and other real estate agents, so your property will get extensive exposure. We will help you develop a marketing plan so that your property sells quickly to a qualified buyer and you receive the best possible price.

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