Middleboro Multi-Family Homes

For those that are interested in the Boston Metropolitan Area, Middleboro is one of the suburbs that seem to be a safe bet for market growth. This is due to the fact that the town is the proposed site for a new casino, which means that an influx of money and residents is inevitable in the area. The town is very beautiful; it has a small town charm that is a major draw for its 23,000-plus residents and the rivers and brooks in town make this a great option for anyone that loves to spend time on the water.

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With a commute into Boston that takes only about 43 minutes, this is also a town that's perfect for professionals looking for a home life where they can unwind comfortably; there's not a lot of hustle and bustle in this town, which is a fact that many of the residents cherish. Another aspect of this town's life that stands out is that it's a great town for multi-family housing.

Purchasing a Multi-Family Home

This town has its share of duplexes, triplexes, and quadplexes that provide a shared living rental situation for town residents, but there are also several opportunities for condos and townhomes as well as apartments. In fact, while there are definitely standard property owning situations available for investors in town, the market for these types of multi-family homes shouldn't be ignored.

This is primarily because these types of properties can be excellent investments; banks are more apt to loan for these types of purchases, and with a steadily growing Boston, purchasing this type of property is bound to return dividends. In fact, the town is currently experiencing a buyer's market when it comes to real estate; the median home value in the area is slightly over $331,000, but with the next wave of construction that's happening in town, this value is sure to go up steadily over the next few years. In fact, in just the last year alone, the area has experienced a home value growth of 7.1 percent, so purchasing soon can be a staunch financial strategy that can eventually offer a substantial return on investment.

From an ownership perspective, many of the properties in this area are absolutely beautiful. In fact, it's not uncommon for units such as condos and apartments in the area to have features like hardwood floors and granite countertops, which have a tendency to drive up the value of the real estate. Many of the housing options are also optimally placed as well; there will be options for mass transit near many of these properties and most are close to the roadways that allow for easy access to Boston and the surrounding suburbs.

These types of properties are also very in-demand these days due to their implicit convenience; homes of this type are typically furnished well, equipped with modern conveniences, and maintained by the property owner. As a result, many young professionals prefer this type of living to the traditional single-family home experience, which can require a lot of upkeep. Contact Boston City Properties to find out more about purchasing opportunities in this city.

Selling a Multi-Family Home

Despite the fact that this town is currently experiencing a buyer's market, it can still be a more than adequate market for sales as well. There are many reasons to sell an apartment, condo, or duplex; sometimes, owners wish to retire from the area and don't want to manage a property from afar, while other times, an owner simply doesn't have the resources to manage the day-to-day requirements of property ownership of this type. In any situation, Middleboro is a town that has a growing demand for property, so finding a buyer, while it will take time, is very doable.

One of the first things that should be considered when placing a property on the market is the tenants. If the property is an apartment building, there's a chance that there are several families living on-premise. Fortunately, sales of property in Massachusetts allow for tenants to maintain their leases with new owners, so if there is an ongoing lease, in most cases, the tenant can usually extend. While this might not be optimal for lessees that have ongoing non-optimal lease rates, how this is managed will be up to the new owner.

In any situation, any potential buyer will always want to do their research, and when promoting the value of an existing property that has multiple tenants, it's always important to ensure that the property is kept in a well-maintained condition. For this reason, ensure that any maintenance issues are resolved and that the tenants are informed well in advance of any changes in property ownership. Not only is this a good practice for keeping tenants in the know, but it also provides a heads up in case the tenant wants to find alternative living arrangements.

For help selling your property in this town, contact Boston City Properties; we know the Boston Metro Area and have years of experience helping clients sell their property.

Neighborhoods in the Area

Middleboro is comprised of two chief neighborhoods that include:

• Oak Point – Oak Point is a community in town that is host to many 55-plus residents. As a result, the properties in this area are in safer neighborhoods, and property values are somewhat lower than in other areas of the state.
• The Southwest Portion of Town – For those that enjoy nature, this is one of the most tree-lined areas of town. This area of town is also quiet and animal-friendly, and the properties are also well-priced and comparable to many of the surrounding Boston suburbs.

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