Nahant Investment Properties

Nahant is not only a resort town known for its coastal properties and sea views, it is also a charming small town of 3,410 in Massachusetts' Essex County. Measuring only one square mile in size, it is the smallest municipality in the entire state and is a primarily residential, welcoming and quaint community. Incorporated as a town in 1853, the community takes its name from that given it by local Native Americans. This community is located on a tied island right in the Massachusetts Bay, surrounded by water on nearly all sides. It became one of the first resorts in the area, and that early resort history is reflected in the beautiful properties available there today.

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The community is well-known for its beautiful coastlines and green spaces. Connected by a causeway to the state's mainland, the community is surrounded by bays and harbors. The area has ten beaches, coastlines, small parks and the Kelly Greens Golf Course. With beautiful bay views nearly everywhere you look, the town is a particularly memorable location for people who treasure water access and natural beauty.

In addition, the community also provides close, functional access to major cities. While the town itself is largely residential, it is centered only 14 miles northeast of Boston. While there are no state routes that run through the town, by crossing to the mainland, there are an array of nearby highways. These include U.S. 1, Interstate 95, Route 128 and Route 129. The bus system provides transit to the main area of the state as well. By taking the bus, public transit users can connect to the Newburyport/Rockport line of the commuter rail heading into Boston's South Station.

Multi-Family Homes

This small community is home to a number of appealing multi-family properties. While there are few large apartment buildings to be found here, classic home styles like duplexes, twin homes and triplexes can make for excellent investment opportunities. The beautiful, resort-like feel of the community can make these homes appealing to year-round tenants as well as seasonal visitors, depending on your needs and wants for the property. Many homes here reflect a classic New England seaside look, and the same is true for multi-family properties. You can find older properties with a historic feel as well as newer construction options that may help to provide savings for an investor looking to avoid excessive upkeep charges. With transit access as well as natural beauty, there is significant demand for apartments in properties like this.

Single-Family Properties

Single-family homes here often show off the classic colonial architecture that is so much a part of the look of the town. These include both options that are true historic construction as well as newer homes that are modeled on a traditional style. Many of these homes offer spacious living and dining rooms as well as high-quality kitchens. A single-family home can be an appealing investment; not only can it attract dependable, long-term tenants, but an investor's renovations can help to spur an increase in valuation.

Condominium Investments

Townhouses and condos can be another excellent option for investors in this community. The popularity of the area means that there are multiple condo options to be found here. As they offer much of the exterior maintenance through a set monthly condo fee, investing in a condo can help people to budget for their upkeep and overhead expenses. In addition, the amenities provided at many such buildings make them an attractive choice for commuters seeking out their next rental home.

Exploring Commercial Real Estate

Residential real estate isn't the only game in town. With great highway access and a growing population, there are office spaces, industrial spaces and retail options available for investment in the commercial sector. Commercial real estate investments can have their own unique upsides, with long-term leases and many of the maintenance responsibilities in the hands of business tenants.

The average value of homes in this community is $614,100, and this reflects a trend that has shown repeated, year-over-year increases in property values. This trend is expected to continue well into the future. Home values here have risen by over $250,000 on average in the past six years. The small area, beautiful views and combination of close city access and natural delights make the community a particularly desirable investment option. In addition, rents here can provide an excellent income for investors even as their own properties grow in value. The average monthly rent here is $2,581, above the average in the Boston metropolitan area. If you are interested in venturing into property investment in this beautiful seaside community, contact Boston City Properties. You can learn more about the opportunities available here and how you can maximize your earning power with real estate investments.

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