Malden Multi-Family Homes

Looking for a small city that is perfect for raising kids? Malden, Massachusetts, which is located in Middlesex County, is a great place to start looking. Located only six miles from Boston, this city was named the "Best Place to Raise Your Kids" in 2009. There is public transportation that provides access to Boston and other surrounding cities, which makes it easy for commuters. There are also over 30 parks in the city that include playgrounds for smaller children as well as tennis courts, basketball courts, and baseball fields for all ages to enjoy.

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Purchasing a Multi-Family Home

Since this is a growing community that is located close to Boston, there is quite a demand for multiple unit homes in the area. With that being said, the median price of these types of homes is only about $375,000, which is quite reasonable considering the location of the city. For individuals looking to purchase a home and rent out units or someone who is looking to turn a profit on a home with multiple units, this city presents a great opportunity.

What exactly does a home of this type include? Well, as long as more than one family can live in the home, it falls into the category. The entrance can be shared or individual, and there will most likely be some outdoor spaces for everyone in the building to enjoy. These types of homes include:

• Townhouse – These are attached housed that are positioned side by side.
• Duplex – This is a building that has two floors, and each one of the floors is a separate unit.
• Triplex – This building is the same as a duplex, but it is designed with an additional floor that can provide a home for another family.
• Apartment – Typically, there are multiple apartments on each floor of the building.
• Condominium – This is another type of building that is designed with multiple units, though residents who live in condominiums often has access to community amenities in the building as well.

Looking for a multiple unit home in this area of Massachusetts? Contact us today so that we can help you find exactly what you are looking for.

Selling a Multi-Family Home

If you already own property in this city, then it may be a great time for you to sell a multi-unit home for a profit. The proximity of this city to Boston makes it a great place to live while working in Boston, so properties in this area are in demand. Since many of the homes in this area, including homes with multiple units, are Victorian-style homes, making sure that the interior and the exterior of the home is in top condition. This means that before the property is listed, it is important to add a fresh coat of paint to the outside as well as take care of any maintenance and yard work that may need to be done to improve the curb appeal of the home.

In addition, there are a few things inside the home that should be considered as well. Hardwood floors, granite counters, and stainless steel appliances are always popular with potential buyers, so if any of these upgrades can be made, it could increase the value of the home and help you get better offers.

If tenants are currently residing in any of the units, this is only going to be a positive for most buyers. It will allow them to see how the unit looks when it is lived in, and it will provide them with immediate income, which will help pay the mortgage. If you need help listing a multi-unit home, call Boston City Properties today!

Neighborhoods in the Area

This is a very safe area of Massachusetts to live in, which makes it a great place to consider purchasing real estate in. There are quite a few neighborhoods in Malden to consider:

• Bellrock – This is the south-central part of the city, and it is home to Bellrock Square and a memorial park.
• Edgeworth – Many of the homes in this area were built before 1939, and the Victorian style of the duplexes is in high demand.
• Faulkner – The properties in Faulkner is made up of mainly two-, three-, and four-bedroom apartments. There are quite a few parks in this neighborhood.
• Forestdale – This is the north-central section of the city, and it is home to quite a few Victorian-style homes.
• Linden – This area of the city is heavy with college students, so a lot of the restaurants and entertainment in the neighborhood are geared towards them.
• Maplewood – This is a residential area where the streets are lined with maple trees. There are quite a few parks in the neighborhood, including dog parks and trails.

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