Holliston Investment Properties

Holliston, Massachusetts is a town that is located in Middlesex County. It is only 30 miles from Boston, which means that residents will be able to live in the town and commute to the city without much trouble. Currently, the price of real estate in the area is $451,600, which equals about $245 per square foot. This price is actually about $30 less than it would be per square foot to purchase property in Boston, and with the increase in the market, you can't go wrong investing here.

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Residential and Commercial Investment Properties

When a community is so close to a growing city, the residential and commercial real estate opportunities are going to be more difficult to find. This is especially true if you are trying to find a property to invest in on your own. Real estate brokers like Boston City Properties know the trends in the area and are going to have detailed information about the investment options in the area. If you would like more information or a detailed listing, call 617-247-1933 today.

There are quite a few investment options available to you:

• A Single-Family Home – This is typically the most reasonably priced option if you are looking to invest in residential property. You can simply improve the property value by flipping the house and making it more appealing to buyers. This is a great option because of the demand that is present in this town, but if you prefer to keep the property for a while, then you may want to consider renting it out so that you can get a rental income to pay the mortgage.
• A Multiple Unit Home – This is a home that is designed with several units in the building. The most advantageous part of this type of home is that there will be plenty of space for you to reside in one of the units while renting out the others.
• A Commercial Property – This is an option that will produce a nice profit in a busy part of town. Typically, commercial properties are office space or retail space that is rented out per unit for a period of five to 10 years. This will secure rental income for a while, which ensures that the property appreciates over time.

Real Estate Market Overview and Neighborhoods

This somewhat small town is a great location to raise a family, so whether you want to invest in a single-family home for yourself or you prefer to rent out the units in the properties that you invest in, the location must always be considered. There are three neighborhoods in this area, which are:

• Bragville / Metcalf – This neighborhood, which falls on the western part of town, has a median price for housing in the area of $510,000. This area consists of mostly owner-occupied, single-family homes, but there are quite a few small apartments worth investing in as well. The vacancy rate in this area is at 0.6 percent, which means that property here is in high demand. In fact, this is one of the lowest vacancy rates that you will find in the country.
• Gooch Corners – Gooch Corners is a neighborhood that is made up of mostly single-family homes and apartments that were built before 1969. The median price for real estate in this area of Massachusetts is $455,000, which is a higher median than 60 percent of the neighborhoods in the state.
• Town Center – Located in the southeastern part of town, this neighborhood is a unique area that is a combination of homes between 1940 and the year 2000. There are small apartments, single-family homes, and commercial opportunities in the area. There is currently a 0 percent vacancy rating, which makes it one of the most inaccessible neighborhoods in the nation, so if you find an investment opportunity in this neighborhood, it is worth considering.

Choosing the Right Investment Property

Boston is experiencing a growth right now, and it is greatly affecting the surrounding towns. That being said, the town of Holliston and a nearly eight percent increase in the value of the properties here, and there is expected to be at least another four percent growth in the next year. Investing can be rewarding, but the important thing to know when you are new to real estate is that finding a professional that knows the neighborhood is only going to help you make a wise investment. Boston City Properties has analyzed each neighborhood in the area, and they can help you find a property worth investing in. Call 617-247-1933 today!

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