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Lynn Multi-Family Homes

Lynn, Massachusetts is an area in the northeastern part of the state that touches the water. It is the ninth largest city in the state, and because of its location, it is a great area to own property. The city is known for its art, but there are plenty of parks, beaches, and open spaces to give potential buyers a reason to choose this city. In addition, since the city is merely 10 miles from Boston, residents can commute via car or public transportation with ease.

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Purchasing a Multi-Family Home

Purchasing a home in this area of Massachusetts that has multiple units is extremely reasonable, especially considering the proximity of the city to Boston. With that being said, purchasing real estate in the area is a great investment to make. The median price for a dual unit home in this area is about $329,000, but as this area becomes more popular, the value of the property that you purchase is only going to increase.

The best way to ensure that this happens is to look into what is available in the area. If there are homes that do not need to be updated at this price range, they are going to be a great purchase option to consider. When purchasing a home, it is important to look for features that are important for you to have in the home. This could be hardwood floors, a walk-in closet, or a master bathroom. With a multi-unit home, you will also want to make sure that the heating and cooling for the entire home is in working condition, especially if renting out the units is on the agenda.

There are townhouses, duplexes, and other multi-unit homes in the city, but one of the most sought-after homes in the city is the loft-style apartments that the area is known for. If you are looking for a home in this area of Massachusetts, give us a call at Boston City Properties so that we can help you find a home with all of the features that you desire.

Selling a Multi-Family Home

Selling a home in this area of Massachusetts should be fairly simple, especially since it is only about 10 miles from Boston. With that being said, the home being sold is going to need to be kept up-to-date so that it is appealing to a potential buyer. When a property is listed to be sold, one of the most important things to do is to make sure that all of the appliances are updated and in working order. Stainless steel appliances will greatly increase the value of any home. Also, the flooring in the home needs to stand out. Hardwood floors are common in the homes in this area and are often desired by potential buyers, so if the flooring is old, make it look new.

One of the benefits of selling a property in Massachusetts is that if there are tenants in the building, they will not be forced to move when the property is sold. This gives the new buyer a source of income, and it allows them to see the units being lived in, which can increase the value of the property. Some buyers may try to get you to lower the sale price for a home with multiple units, but if they are offering a price that is too low, selling to them is not going to be profitable for you. If you are having trouble getting good bids on a property, or you need help with a multi-unit listing, Boston City Properties is here to help you find a buyer.

Neighborhoods in the Area

In this city, there are quite a few neighborhoods, but they can all be placed into three categories, which are the Central District, and East and West Lynn:

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