Manchester Multi-Family Homes

Manchester, which is also known as Manchester-by-the-Sea, is a beautiful town that is located in the northern part of Massachusetts on Cape Ann. This area is a seaside paradise that is well known for its scenic views and beautiful beaches. In fact, there are seven different beaches lining the coast of this town, which gives residents plenty of options for enjoying a hot summer day. In addition, the town is only 24 miles from Boston, so it is easy to take a day trip to the city.

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Purchasing a Multi-Family Home

Owning a home in this town is a great idea. With multiple unit homes, units can be rented out to tenants who live in the area, but they can also be rented to those who wish to vacation here as well. Many of the homes in the area are minutes away from the beach, so even if a day of surfing is not preferred, the view of the shoreline is spectacular, especially as the sun sets.

In addition, this town is only about 33 minutes from Boston, so residents who need to travel to the city will easily be able to do so. In the area, the average price for a home that is designed for multiple units is about $777,000. There are lovely Victorian-style homes in the area as well as newer homes that have a more modern construction. Since this is a seaside town, many of the homes also have balconies or at least a view of the ocean.

Before the search for a new home begins, make sure to consider the features that are the most important for your new home. Is having your own entrance important, or would it be all right to have a shared entrance like what can be found in an apartment or a condo? If a personal entrance is important, then perhaps a townhouse or a duplex is more your style. If you need help finding a multi-unit home to call your own, we can help. Call Boston City Properties today so that we can help you find a good investment opportunity in this town.

Selling a Multi-Family Home

Selling a home in this area should not be too difficult, especially with the close proximity to Boston and the fact that the town is right on the ocean. Many people are willing to pay a higher price for a multi-unit home in this Manchester. However, with that said, before listing the home, make sure that it is renovated and updated so that it has features that are enticing to the buyer.

This means that you will want the home to have hardwood flooring in the leaving room, an open concept kitchen with stainless steel appliances, and spacious bedrooms with walk-in closets. When everything is updated inside the units, buyers will be more likely to give an offer that is close to the listing price. If multiple offers are presented, it is even possible for the potential buyers to compete against each other and drive the asking price up.

A single unit can be listed to be sold if that is all that is owned; however, if the entire building is going up for sale, remember that keeping tenants inside the building can help improve the value of the property as well. Many buyers will like the idea of having income coming to them as soon as they finalize the purchase, so keep this in mind as the property is being listed. If you need assistance, Boston City Properties can help.

Neighborhoods in the Area

In this town, there are basically only two different neighborhoods to consider.

• Downtown – This is a historic area of town that is quite charming. The ocean is visible from this part of town, and the Victorian homes add a distinct New England charm to the area.
• Great Pasture – This neighborhood is located on the tip of the peninsula where the town is located. There are not a lot of homes in this area, but it is a quiet, peaceful place to live.

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