Needham Investment Properties

Needham is a town that has grown and changed over the years as the entire Boston area has grown and changed. Today, it offers a range of exciting property opportunities that can provide significant value to investors. With a population of over 28,000, the community was originally one of the Boston area's many mill towns. It was incorporated in 1711, and as the Industrial Revolution proceeded, the community became part of the area's growing industrial power.

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The town measures 12.7 square miles in size and is bordered by the Charles River. With the riverfront and Cutler Park located in the community, there are plenty of beautiful views as well as open, green spaces for people who enjoy outdoor activities. These open spaces can make the community a particularly attractive destination for young families and others with children. This means that spacious multi-family and single-family homes can be popular on the rental market here as well.

Not only is the town beautiful and historic, it is also well-connected to the metro area, making it a great choice for commuters as well as businesses and raising the investment potential of property here. Interstate 95 and Route 128 pass directly through Needham, and three exits provide on/off service between the highway and the town. In addition, there are four MBTA commuter rail stops in the community, all offering direct service to South Station in Boston. This transit accessibility makes the town an excellent location to rent to professionals who need easy access to downtown while enjoying the smaller, community-oriented feel found here.

Multi-Family Homes

Multi-family properties here can offer real value for investors. There are larger apartment buildings as well as more traditional, colonial-style homes constructed as duplexes and triplexes. These properties offer the potential for multiple income streams from reliable tenants on an ongoing basis. As the community is attractive to families and commuting professionals, there is a wide range of people looking to make their home here. In addition, an engineering school in town means that serious students are also often looking to make their home here, making a multi-family property a strong investment for people looking to step into income property development.

Single-Family Properties

There are many large, elegant properties in this community. Investing in a single-family home can provide straightforward rental opportunities as well as the possibility for short-term rentals, providing a venue for events and other possibilities. While home prices here are relatively high, there is still a significant upside yet to come according to experts' estimates. This means that investing in the single-family homes in this community can provide excellent value over the years, both as a rental property and when later listing for resale.

Condominium Investments

As the town has grown and changed, condominiums and townhouses have become some of the most active forms of new construction here. These options can be excellent choices for newer property investors in particular. Many key maintenance tasks are handled centrally and reimbursed through a monthly fee. This condo fee can be bundled into the rent paid by a tenant in a condo, and the owner will have a clearer understanding of their potential expenses for upkeep and maintenance. In addition, many condos offer appealing amenities that can help to attract desirable tenants.

Exploring Commercial Real Estate

Commercial and industrial real estate also present strong possibilities here. Business development in the community has been strong, and everyone from small local businesses to national concerns needs office space and storefronts. The long-term reliability of commercial real estate can make it an excellent investment, especially in a bustling, growing community like this one where demand is likely only to grow.

Homes in this community are valuable, with an average price of $913,000. This high value reflects the affluence of the community as well as its distinctly advantageous location in relation to Boston itself. Home prices have risen dramatically and are expected to continue to grow in value, especially as the community further develops itself as a technology hot-spot. In fact, the average price of homes here has grown by over $300,00 on average since 2011. In addition, rental prices in this affluent community can also be expected to provide significant income. The average monthly price of rent here is $3,202, $750 above the general average in the Boston area. This means that even as your investment property grows in value, you can rely on a substantial monthly income through your rental activities. If you want to start investing in property here, contact Boston City Properties. Our experts can introduce you to key local properties that can help to maximize the value of your investment.

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