Marblehead Multi-Family Homes

Looking for a coastal New England town in Massachusetts to call home? Then, Marblehead is a great town to check out for potential investments for your future home. The area is full of parks, beaches, and places to go fishing, which makes the rocky peninsula the perfect place for a family. Boston is only about 16 miles from the community, so it is easy to reach by both car and rail. There are also four bus routes that will take passengers to neighboring cities and towns.

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Purchasing a Multi-Family Home

Purchasing a home that is designed for more than one family is a different process than purchasing a single family home. It is still important to consider all of the interior and exterior features of the home, but instead of considering a single unit, these types of homes can have two, three, or more units that will need to be considered.

There are quite a few options to consider for anyone looking to invest in a multi-unit home, and each one provides the option of renting out the units or keeping them for family or friends. In most situations, these homes will be rented, but since this is a coastal location, they can also be kept as vacation homes that are rented out as well. In this area there are:

• Apartments and condos – These are buildings that have multiple units on each floor. Typically, the owners of these buildings will hire someone to take care of all of the exterior upkeep, which includes mowing the grass, shoveling snow, and taking care of the pool.
• Duplexes, triplexes, and quadplexes - These are homes that have more than one floor, and each floor is a separate unit. Typically, these homes have separate entrances for each unit.
• Townhouses – These are a row of homes that look very similar, if not identical, to each other. The walls are attached, but each unit will have a separate entrance.

Need help finding your dream home? Contact Boston City Properties to find a worthy investment in this Massachusetts town.

Selling a Multi-Family Home

The housing market is great right now, so anyone who is looking to make a profit on an investment that they have in a home with multiple units in the area, this may be a great time to list the property. Make sure to check out similar homes in the area to ensure that you are listing it at a good price. Also, if anything in the units looks old, a renovation may be required to get the best price possible for the property.

Certain features will increase the value of the home, so if increasing profits is important, then consider upgrading the kitchen to stainless steel appliances. Making sure that the bathroom is updated, and replacing any existing carpeting or flooring that may need to be updated. Also, if the home has features that will stand out in this neighborhood like period woodwork, a fireplace, a breakfast nook, or a balcony, make sure to note the feature in the listing. If you are unsure where to start, contact Boston City Properties today so that they can help you get as close to your asking price as possible.

Neighborhoods in the Area

This is not a very large town, but it is broken up into a few different neighborhoods, which are:

• Town Center – This is an area of the town that has a lot of homes that were built before 1939, and the area is right on the waterfront, which gives it a nautical feel.
• Beacon Street/Green Street – This area is one of the most expensive neighborhoods in Massachusetts. Though it is on the coast, this section is designated more for shipping than recreation.
• Clifton – This is the westernmost part of the town, and it is where most of the shopping and the residential homes are located.
• West Town Landing – This is an area of the town that is made up of a lot of condos and apartment buildings; many of which have been converted from homes that were built in the 1930s or before.

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