Duxbury Investment Properties

If you are looking to invest in a coastal town that is not that far from Boston, then Duxbury is a great option to consider. With approximately 15,000 residents living in the area, this historic town, which is located in Plymouth County, is only 35 miles from Boston. That being said, even if you do not live in the area, this is a great place to own real estate, especially if you have the option of purchasing a multi-family home in the area that you can rent out to students and professionals in the area.

Click Here to Search Investment Properties

Residential and Commercial Investment Properties

Residential and commercial properties in the area are plentiful, but the key to making a good investment is knowing what your options are, especially if you plan on investing in a specific town or area of the state. That being said, there are quite a few investment options to choose from:

Single-Family Residential Home

Purchasing a single-family home can be quite a beneficial investment, especially if you plan on renovation and increasing the value of the home as you own it. This is often one of the cheapest types of investment, but it can produce quite a profit. You can also rent out a single-family home instead of living in it. This will provide you will quite a bit of income for the year.

Multi-Family Residential Home

Townhouses and condominiums are a great investment option that allows you to sell individual units on the property to interested tenants. They will typically pay an HOA to help maintain the property.

Duplexes are homes that are divided into units based on the number of floors that are in the building. Triplexes and quadplexes have more floors, which means that there will be more units to rent out.

Apartments are buildings that are designed with multiple units on each floor. If you are looking to invest in a multi-family home, this is a great option that you can consider. It will give you a good bit of rental income.

Commercial Property

One of the most common types of commercial property to invest in is office space. This is because any business, even a startup is going to want a lease that is at least five to 10 years. This means that they will not have to find a new location for their business, which helps them lock in clients.

Retail property is also worth investing in, but only if the area that you choose is able to sustain a mall or storefronts.

Real Estate Market Overview in Duxbury Neighborhoods

There are three unique neighborhoods to consider in this area, which are:

• South Part of Town – Since this is the part of town that connects with the most waterfront land, you can expect the prices of the property to be a bit higher. In fact, the median price for real estate in this neighborhood is about $934,000. Most of the property here consists of single-family homes and small apartments that were converted from homes that were built before 1969.
• Town Center – This is an area of town that is made up of both residential and commercial properties that can be rented out. If you are looking for a multi-family opportunity to invest in, there are quite a few townhouses in the area worth considering as well.
• Ashdod – Located on the western part of town, this area actually has a median price of $552,000 for real estate, but the rental rates are about $2,300 a month, which makes this a great opportunity to explore. There is only a three percent vacancy rate in the town, which means that the neighborhood is in high demand.

Choosing the Right Investment Property

The town is said to have some of the higher real estate prices in the country, and with a current median for the area of $621,000, you need to invest in a property that is going to increase in value. With that being said, the value of the property in the area has increased by over seven percent in the past year, and it is expected to rise another four percent this year. With this type of growth in the town, contacting a professional like Boston City Properties will help you find an investment well worth your consideration. Call us today at 617-247-1933.

Click Here to Search Investment Properties