Mashpee Multi-Family Homes
Located in Barnstable County, Mashpee, Massachusetts is a town that's located on beautiful Cape Cod, and as a result, this town has some excellent housing opportunities for anyone that wants to experience Cape living. While the town is about 60 miles from Boston, it's still very commutable by professionals, and since this market is steadily growing, purchasing a home in the area can be an excellent investment opportunity.
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When people invest in real estate, many opt to purchase single-family homes, but in a town like this one, units that can house multiple families can really become profitable. For example, purchasing property in a town that is a major summer location means that, in the offseason, maintenance fees have a tendency to come down significantly.
Purchasing a Multi-Family Home
Properties that are available for families are some of the most versatile property types on the market. Not only does this classification include duplexes, triplexes, and quadplexes, but in addition to these property types, apartments, condos, and townhouses can also fall into this category as well. In this particular town, there are representations of just about all of these property types, so there are definitely options for buyers.
Currently, this coastal town has more than a few apartment properties that are a fairly popular option for local residents. These units typically house hundreds of tenants and many of the residents have leases that last for a few years. Purchasing any type of property in this area opens up several opportunities for return on investment; in both long- and short-term measurements.
Purchasing a property in this tourist-friendly location is a great idea for anyone looking to make a profit. There is currently a buyers' market in the area, and the median home value is estimated to be less than $400,000, which means that purchasing a property of this type will typically be cheaper than it would be in other parts of Massachusetts. With such relatively low rates, purchasing a condo, townhouse, or duplex provides tangible assets for investors, especially when the tourist season comes around because many professionals in both New York and Boston like to purchase summer homes for the vacation season.
If you're thinking about purchasing a property in this beautiful coastal town, reach out to use at Boston City Properties. We understand the market better than anyone in the Boston area, which means that we can help you find the property that best suits your needs.
Selling a Multi-Family Home
For those looking to sell a property in the area, there are certainly avenues to find a buyer that will be willing to invest in a duplex, condo, or apartment building. With that said, it's important to take the correct steps to ensure that the property has all of the features that it needs to attract prospective buyers. In this section, we're going to take a look at a few steps an owner can take to close the sale.
- Clean – The purchaser is definitely going to want to do a visual appraisal of the property before the close, so it's important that everything is in tip-top condition. Not only should you repair the property, but minor renovations can also add value to the sale. Additionally, it's essential to ensure that all common areas are nice and clean so that there is a good first impression.
- Find the Most Realistic Price – Research is the name of the game. When trying to find a price in which to sell a property of this type, it's important to research property values in the surrounding area so that a realistic sales price can be found. It's okay to drop the price slightly below market value; this is a good way to get a quick sale if needed.
- Seek Out a Specialist – We all want to go at it alone, but sometimes, it's preferable to seek out someone that knows the market so that you can get the pricing that you want. Fortunately, at Boston City Properties, we understand the market in and around Mashpee and can help you sell your property. Selling a home of this type isn't exactly the same as selling a single-family unit, so rely on our expertise in this area so that you can enjoy a quick, easy, and profitable sale experience.
Neighborhoods in the Area
There are three major neighborhoods in this town:
- Great Neck Road - This is an area of town that is mostly single-family homes and townhouses that were built after 1970.
- Mashpee Neck – This is an area that college students frequent during the semesters when classes are in session, so apartments will be available mainly during the summer months.
- Popponesset Island – This is the most coastal region of the town, which means that the property prices are a bit higher in this neighborhood.
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