Millis Investment Properties

The small town of Millis, with a population of only 8,000, is nestled in Massachusetts' Norfolk County. Despite its small size, it is located only 19 miles southwest of Boston and enjoys close access to a range of local communities. The town is not new; indeed, it has been incorporated since 1885 and originally developed through its railway connections throughout the state and later, its highway connections that continue to make it a well-connected, desirable place to live today.

Click Here to Search Investment Properties

Today's Millis, emerging from its roots as an industrial town that helped to build up New England's economy, continues to benefit from its home on the Charles River. The town is full of streams and brooks, including Bogastow Brook and the Great Black Swamp. These areas offer a range of environmentally protected lands as well as hiking, biking and exploration areas that provide an excellent environment for outdoor activities and family fun. With playgrounds, parks and sports fields available, there are a number of great options for people who want to enjoy the wild outdoors as well as those who want family-friendly spaces for their children to play.

In addition, the town continues to be well-connected through highways and other forms of transit with Boston and the rest of the state. Route 109 and Route 115 run directly through the town and make it easy for commuters to make their way to work or school.

Multi-Family Homes

Multi-family homes in this town make great investments for people looking for a steady, growing source of income. The duplexes, triplexes and quad-plexes found throughout the community make excellent choices for investors looking to expand their involvement in residential rental real estate. You can find an array of choices that provide high-quality rentals suitable for individuals, couples and families. There are older homes from the earlier days of the community with historic appeal as well as modern construction that can help to save on upkeep and maintenance costs.

The multi-family properties in this community can be excellent investments. Rental apartments here are desirable and can provide consistent income over the years as the value of the property grows consistently. This means that banks and mortgage lenders may be eager to provide financing to investors seeking to develop residential rental real estate here. In addition, there are some government-supported lending opportunities that encourage investment in residential rentals.

Single-Family Homes

In the community, single-family houses can be a great choice for an investment. These homes are great investments as the value of the property itself can rise over time. In addition, many desirable tenants are interested in renting a whole single-family home rather than a more compact apartment. These tenants include families as well as professionals who need office space to work at home. The homes in the community are often large and sizable, with classic living and dining rooms and multiple bedrooms. These single-family homes can be likely to continue to grow in value even as they provide rental income on an ongoing basis. By conducting renovations, an investor can also make the property more valuable for future purchasers.

Condominium Investments

There are also a number of condominium or townhouse options available in the community, including newer construction properties. These communities often provide a number of amenities that make them desirable rental properties, including gyms, community rooms and designated parking. These can be appealing to singles, professionals and others who want an easy, modern experience for their home. In addition, because monthly condo fees handle many issues related to exterior upkeep, investing in a condo can help to keep the costs of upkeep and overhead manageable.

Commercial Real Estate Opportunities

With the highways that run through town as well as the historic downtown area here, commercial real estate provides plenty of opportunities for property investors here. Shops, restaurants and local businesses like banks, insurance companies and other providers are common tenants for commercial properties. Even national chains, warehouse companies and other businesses could rent commercial property here. With the wide level of interest in doing business in this community, commercial real estate can be an excellent long-term investment here.

The average home price in this community is $397,900, reflecting an ongoing and consistent upswing that has taken place for the past six years. Home values are expected to continue to rise in the coming years. In addition, rental values are on the rise at approximately the median price for the Boston area, with monthly average rentals of $2,451. If you would like to be a part of investing in this community and want to venture into the exciting world of investment properties, contact Boston City Properties to learn more about the opportunities in Millis.

Click Here to Search Investment Properties