Dracut Investment Properties

If you're searching for a town to invest in that has a relatively high population and is only about 32 (or less) miles from Boston, then Dracut, Massachusetts, is a good option to consider. The town has a strong real estate market that's considered "very hot," a burgeoning population of 31,352 people, and is a good place for professionals that crave suburban town life yet don't want to sacrifice the convenience of working in a burgeoning town like Boston.

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Thinking about investing in a property in this beautiful town? Consult with a professional and licensed real estate specialist at Boston City Properties; we have thousands of satisfied clients and years of experience that can be used to help you find the property investment that best fits your needs.

Residential and Commercial Investment Properties

In a town like this one, there are several types of investments that you can consider. These typically include both commercial and residential investment locations, but even these can have significant variance:

Single-Family Housing

Sale

The most well-known American dream is the dream of property ownership. If you're planning to invest in single-family property, you can purchase one of the various colonial and ranch-style homes in the area and upgrade it, which can increase its property value. Since this is a very hot market, this is a great way of generating extra income, especially with the constant state of growth in Boston.

Rental

Single-family homes can also be rented by families, and many families consider this to be a more affordable structure than purchasing the property outright. When you opt to invest in property this way, there is a significant month-by-month profit. You can even use the monthly rent to pay off the mortgage and property upkeep and maintenance, but the remainder goes right into your savings account.

Multi-Family Housing

Duplexes – These have multiple levels; typically, each level has a separate unit that can be occupied by a family. Units with three floors and three units are called triplexes, and those units with four floors and four units are called quadplexes. In many cases, these are rental properties and many investors convert large single-family homes into this type of multi-unit property.

Condo or Townhome – For these types of properties, the owner can sell each unit on a unit-by-unit basis so that the owners pay a mortgage on the units. Typically, each tenant only owns what's within the walls of their units and there is an HOA that deals with the upkeep and maintenance of the common areas. If you own condo or townhome units, you can sometimes rent these out to others for a profit. Townhomes are similar to duplexes except that tenants don't necessarily have entire levels; instead, there is usually a wall that separates units.

Apartments – One of the most common types of multi-unit properties, apartments typically have multiple units on a floor, and usually the tenants inside the units sign a lease and pay month-to-month rent. With larger apartment properties, the owner can even opt to use a management company to run the daily operations.

Commercial Real Estate

Retail Centers – Like multi-unit properties, retail centers are good inflation hedges due to the fact that the rates of return typically increase as taxes and expenses increase. Additionally, these properties, which include shopping centers, storefronts, and malls, tend to be leased out for longer terms.

Office Space – These can be very profitable because office spaces also generate revenue due to the fact that real estate taxes, property insurance, and maintenance and repair costs are usually collected in addition to rents based on a triple net lease.

Hotels and Resorts – If you select the right neighborhood, you can definitely make a substantial profit in this type of commercial real estate. That being said, you should always research before investing in a property of this type. Fortunately, Boston City Properties has years of expertise helping clients make a profit with just about all of the aforementioned property types, so contact us so that we can help you.

Real Estate Market Overview in Dracut Neighborhoods

This town has several key neighborhoods, each of which has burgeoning real estate markets. These include:

• Methuen Road
• Town Center
• Long Pond Park
• Bridge Street
• Collinsville

Each of these neighborhoods is distinctly suburban, and each has its advantages when it comes to the real estate market. For example, for those looking for larger residences to invest in, Methuen Road and Town center have the most three- and four-bedroom residences. For those looking for rental properties, neighborhoods like Collinsville and the town center have the most opportunities.

Choosing the Right Investment Property

When choosing a property for investment in this town, selecting one that is in line with your investment strategy and your target capitalization rate is absolutely crucial. Remember, that vacancies and foreclosures in the area can certainly affect the resale value of a home, so research the specific neighborhood before you take a look at the investment properties in its borders.

At Boston City Properties, we have years of experience and a talented selection of licensed professionals that understand the market in this town and hundreds of Massachusetts towns like it. Contact us today so that we can help you.

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