Middleboro Investment Properties

Middleborough, also known as Middleboro, is a growing town of over 23,000, nestled in Massachusetts' Plymouth County. The community grew up around the Nemasket River and originally took its name from the Native American community of the same name, before renaming itself after its current population. Every year, the river around which the community grew is home to a large number of herring who include the town as part of their migratory route.

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The ponds, rivers and lakes around the community helped to form the basis of its original economic foundation. Today, the town is still known as the Cranberry Capital of the World, years after it developed the cranberry bogs that inspired the name. These green areas also provide exceptional recreational opportunities for local residents, making the space even more appealing to tenants, especially outdoors lovers and families with children. The community is home to the Taunton River and Weweantic River as well as the Nemasket, while there are multiple ponds bordering the community. There are four separate wildlife management areas as well as swamps, many of which feature hiking trails, cycling options and other choices for people who love outdoor activity and adventure.

Not only does the community offer a great connection to trails and rivers for outdoor fun, it offers strong transportation connections for commuters. You can easily access Interstate 495, Route 44, Route 18, Route 28 and Route 105 when passing through town. Many more local highways are also easily accessible, and there are four interchanges with I-495 to offer drivers many choices. Not only is it well-connected for drivers, transit users can find a number of convenient options. The Middleborough/Lakeville commuter rail station provides direct service to South Station in Boston, while another train from the station provides summer service to Cape Cod.

Multi-Family Homes

People thinking about investing here may want to consider choosing a multi-family property. You can invest in a larger apartment building or opt for one of the classic duplex, triplex and quad-plex buildings. All of them offer space for multiple tenants and can provide great, reliable income over the years. Due to its high level of connections to the city as well as its outdoor options and small-town feel, the community is appealing to many desirable individual, couple and family tenants. Some of the multi-family properties offer modern construction with the reduced maintenance liabilities that accompany it, while other desirable historic properties offer significant curb appeal and allure.

These investments are often viewed positively by mortgage lenders and banks because the consistent demand for rental space in the community means that a multi-family here is a reliable income opportunity with an excellent upside. Other financing options like government-backed loans may also be available for investors looking to improve or purchase residential rental properties.

Single-Family Properties

Single-family homes here aren't just a great choice for people who want to invest in their own homes. For many families who are not looking to buy right now but want to have all the space they need, including backyard, basement or driveway space, single-family rental properties can be highly appealing. In addition to families who can enjoy the multiple bedrooms and classic construction of homes here, with many offering large living rooms and dining areas, these properties are also excellent choices for individuals and couples who work at home. The spacious construction offers plenty of options to maximize home office space.

Condominium Investments

In addition, you may wish to consider a condominium as an investment property. These communities often offer an array of appealing amenities, from parking areas to gyms to community rooms. This can make them particularly appealing choices to professional tenants who want to make the most of what a condo community has to offer. In addition, the fact that external maintenance is generally included in condo fees can help investors to budget for their overhead and upkeep costs over the years.

Office and Retail Properties

Commercial real estate can also be a great choice here. From restaurants and shops to many offices that want to benefit from the great transportation connections, there are many reasons for commercial tenants to choose space here. In addition, these types of properties can offer long-term leases, especially ones in which the commercial tenants bear some responsibility for maintaining and improving the property. Investing in a town like this can be a great step into the commercial real estate market.

Homes here have an average value of $328,700, and values here are expected to continue to rise. After a near-6 percent increase in the past year, prices continue to rise further in the future, making homes here a good choice for investors. Rent in the community is also on the rise. Average rent prices now hover around $2,000 monthly, part of a consistent upswing that has seen consistent income growth for landlords here over the past six years. If you'd like to learn more about how you can be part of the opportunities to invest in property here, contact Boston City Properties. We'll provide you with information and contacts you can use to take your next step in real estate investing.

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