Methuen Investment Properties

The historic New England homes in the city of Methuen continue to provide many professionals, couples and families with an attractive place to live, work and play. First settled by Europeans in 1642, the community was incorporated in 1726 and since that time has been continually inhabited. Close to the New Hampshire border, the community grew up as an industrial town on the Spicket River and its falls. Today, the community has moved far beyond its origins as a center of clothing manufacture in the state, but many historic buildings centuries old remain as a symbol of the community's origins.

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The Merrimack and Spicket River that helped to jumpstart the town's industrial beginnings today provide recreational options for the over 49,000 residents of the community. There are ponds throughout the area, a bird sanctuary and Tenney State Park, providing excellent options for biking, hiking, sports, swimming and other outdoor activities. In addition to its green spaces and relaxing outdoor opportunities, the community is well-connected, making it an excellent home base for commuters. It is home to three exits offering access to Interstate 93 and Interstate 495 runs through the town as well. It's also easy to access Route 28, Route 110, Route 113 and Interstate 93, which crosses the Merrimack River there.

Bus service is available in the area, and the MBTA Commuter Rail is accessible through a station in nearby South Lawrence. For people who use small planes, there are several close-by options, including the Lawrence Municipal Airport and the Merrimack Valley Seaplane Base.

Multi-Family Homes

The city offers a number of properties that can be excellent investment choices. Multi-family homes are some of the most popular, and local choices include duplexes, triplexes and quad-plexes. Small apartment buildings and complexes include both historic converted options and newer buildings that have become part of the community's fabric in more recent years. Whether you enjoy the attractiveness and challenge of a historic property or the convenience of a more modern choice, there are a number of opportunities that can provide attractive income for investors. The community is popular, and there are many families, commuters and couples looking for great apartments. With the demand for residential space in the area, multi-family properties here can be reliable income options.

In addition, the value of properties here and the ongoing demand for rentals make the purchase of a multi-family property an appealing financing target for banks and other mortgage lenders. Investors can also explore the potential of private financing and government loans designed to support the purchase and maintenance of multi-family rental properties.

Single-Family Properties

The town is full of classic single-family homes, each of which can represent a long-term, reliable home for a single, couple or family. Many older homes here have multiple bedrooms, large living rooms and plenty of space, making them great choices for investors who want to encourage families to be part of the community as well as professionals who need room for a work-at-home office. You can find more newly constructed single-family homes of various sizes as well, and there is a bustling rental market for homes of all types.

Condominium Options

Condo rentals can also be a great investment choice, especially in a community where there is a considerable interest in becoming a tenant. These properties share common maintenance costs and other expenses, helping new investors to budget for their overhead costs for their rental properties. In addition, many condominiums and townhouses include in those fees access to amenities, including party rooms, gyms and other community options. This can make these more appealing options for many tenants.

Choosing Commercial Real Estate

Residential rental isn't the only excellent investment opportunity in the city. There are a number of commercial real estate options that can also be a great choice for a real estate investor here. From restaurants and retail to banks and insurance agencies, a bustling community of this size can support many businesses. This means that commercial real estate can be an appealing option, often offering longer, more costly leases that require the tenant to carry greater maintenance burdens.

In Methuen, the average home value is $340,700. This affordable price is on an upswing however as the market continues to grow. For the past six years, home prices have been on a consistent upswing and that trend is widely expected to continue. Rent prices have also been on a consistent upward trend over the same period, and the average monthly cost of around $2,000 for an apartment can provide a solid basis for an investor looking to expand their holdings here. If you'd like to learn more about investment properties in this community, contact us at Boston City Properties for more details about the choices available to maximize your income.

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