Medway Investment Properties

The town of Medway was officially incorporated in 1713, almost 50 years after it was established by British settlers as a small farming community. With direct access to the Charles River, Medway soon became home to an array of mills and industries. Today, the town retains its classic main streets and town center, still bustling with shopping and dining options, even as the residents have transformed into an array of office and service jobs throughout the area.

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Located on the Charles River, the town offers riverfront homes and business properties as well as an array of recreational options centered around river access. Hiking trails, bike routes and park areas can all be found, as well as playgrounds and sports fields suitable for family-friendly fun. The community has continued to develop its outdoor spaces, recognizing the appeal presented by these outdoor areas for avid bikers, hikers and other recreational enthusiasts. Residents and visitors can enjoy the Idylbrook trails, Wenakeening Woods, Choate Park and its associated trails as well as the new Chicken Brook Trail currently in development.

Deerfield Street Pond offers an array of fishing and related activities. In addition, the Medway Community Farm offers a working farm run by the community as well as trails for hiking and exploration, with educational and fun options for the entire family.

Transportation in the community is also important, with many people commuting to Boston and enjoying their green home space in the town. The community offers direct access to Route 109 and Route 128. While the town does not have direct access to the T, it is easily accessible to the T stations in Franklin and Norfolk, less than a 10-minute ride from the center of town. For people who don't want to drive to the train, the community also offers a convenient bus for commuters headed to the city.

The outdoor activities and convenient commuter access can make this town of 13,000 an appealing option for many reliable renters and local businesses, making it a great choice to invest in rental and other investment properties. Families, students and other individuals make up a strong rental market in the community, while shopping, dining and other small businesses have a bustling market in the center of town. Boston City Properties can help you find the right property to expand or begin your investment portfolio in this community.

Multi-Family Properties

Multi-family properties in this town can be an excellent investment. The stock of multiple-family homes in the community includes twin homes, duplexes, triplexes and larger buildings. Some of these are older buildings that were later subdivided into a number of apartments, while you can also find more newly constructed choices that were purpose-built to house multiple tenants. The rental market in the community is on the consistent rise for over seven years, so these kinds of properties are particularly appealing to the reliable tenants seeking to rent in this community.

As these properties can be excellent investments in this community, banks and other mortgage finance companies are often eager to provide financing to a multi-family investment property here. There is a strong market for rentals to families and professionals in the community.

Single-Family Properties

On the other hand, single-family homes here can also be an excellent investment option. Real-estate values are on the rise, and single homes are an appealing rental option for established families and professionals. Many of the single-family homes in this community feature formal living rooms and classic dining rooms, suitable for entertaining and well-adjusted to a larger family seeking plenty of room. These spacious homes can also be excellent options for tenants looking for live/work spaces. Many homes here offer large, walk-in closets and pantries with a range of storage spaces. Whether the architecture of the home is a classic Colonial or a more modern look, many homes here feature remodeled kitchens with granite countertops and sleek appliances.

Condo Properties

The town is also home to an array of condo options, including newer townhouses as well as more traditional apartment-style homes. As condo communities provide a number of outdoor and community amenities in exchange for a monthly fee, they can be appealing to many reliable, professional tenants.

Commercial Real Estate - Office and Retail Space

Commercial real estate here can be a particularly enticing investment. With many small businesses, medical centers, insurance companies, restaurants and other services looking to set up shop in this bustling, convenient community, there are an array of long-term tenants available. Commercial investment properties can provide excellent returns in both the short and long term.

The average home price in Medway is $436,700, a rise of nearly 9 percent over the previous year. Real estate experts predict that home prices will continue to rise in the community, and home values have been on a consistent upswing for six years. Rent prices are also enticing for investors here, with an average monthly price of $2,565, above the average in the Boston Metro area and reflecting a consistent, multi-year upward trend. People who would like to be a part of this exciting investment climate can contact Boston City Properties to plan their next steps and learn more about the opportunities available.

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