Newbury Investment Properties

Located in Massachusetts' Essex County, this town of nearly 7,000 has a lengthy history. The community was incorporated in 1635 on the Parker River and became a farming town that reaped the benefits of the community's access to water. As industry developed locally, the community developed with it. Today, the community is home to naturally beautiful expanses that are highly attractive to many individuals, couples and families looking to make a home in the area. With its oceanfront views, island and wide green spaces, the community offers a range of appealing investment opportunities.

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The town offers a wide array of choices for people who like to explore the outdoors. It is seated just below the Merrimack River and is home to the Little River, Parker River and Plum Island River. The town includes protected land and marshes in the Parker River National Wildlife Refuge. For people who care about environmental preservation, making a home in this community can be particularly appealing. Given the allure that green communities have, this means that property investments here may find many eager residential tenants.

In addition to the natural beauties of the ocean and multiple wildlife refuges, the community is also well-connected, making it a good choice for commuters. Interstate 95 passes through the western area of the town, while U.S. Route 1 travels through the middle of the community. With easy access to these major highways, the state is open to easy transit by car. In addition, people can easily commute to Boston at by using the MBTA commuter rail, which passes directly through the town.

There are several neighborhoods in the community. Plum Island stands out particularly; it is a barrier island with wild beach plum shrubs, sand dunes and natural beaches. The island is shared with several other municipalities, but one village lies distinctly within this town. Another neighborhood, the parish of Byfield, offers residential homes, churches and schools. The most central neighborhood is Old Town, where buildings date back to the 17th century and where a walkable downtown continues to provide an alluring area for younger renters seeking an apartment.

Multi-Family Homes

Many homes here are inspired by classic colonial architecture, and the same is true of multi-family properties. Twin homes, duplexes and triplexes are common here; there are also a number of small apartment buildings that can be excellent investments. These multi-family homes often have yard and basement space, two amenities that can be particularly appealing to tenants looking to be part of this environmentally conscious, beautiful community. When investing in a multi-family home, mortgage lenders often look positively on this kind of purchase. Apartments of this type are appealing to reliable tenants, and the income stream from buildings like these can nearly ensure that the mortgage is paid. There are even some government-backed financing programs that help to support investors enhancing residential rental options in the community.

Single-Family Properties

This small town offers an array of single-family homes that can make excellent investments. Waterfront properties carry significant inherent value, and an investor's improvement in a classic home can help to bolster its resale value as well as the monthly rent that an investor may be able to collect. Homes in some of the traditional residential communities of the town can become great short-term renovation projects as well as long-term rental investments.

Condominium Investments

While this is a small community, there are also condominium options that can present a good choice for many investors. Often more modern construction, most external maintenance in these complexes is handled through the payment of a set monthly fee. This means that owners may not need to be quite as hands-on in managing problems. In addition, condominiums often offer attractive options like gyms and parking decks that can make these properties particularly easy to rent.

Exploring Commercial Real Estate

This largely residential town also contains spaces suitable for dining, offices and shopping. A commercial real estate investment here could benefit from the growing popularity of the community as well as the many visitors who come to see the natural areas and waterfront beaches. Commercial investments can represent long-term stability in a real estate portfolio.

The waterfront community here offers properties with a wide range of valuations. The average price of a home is $528,500, and this value is expected to continue to rise in the coming years, reflecting an ongoing trend of escalating valuations that has continued since 2012. The beauty of the area and limited space for development means that property here has an inherent value that can be expected to rise over the years. In addition, rental income here can also be significant. Average monthly rent in the community sits at approximately $2,487, just above the average in the Boston area. This can help an investor bring in a consistent income even as their property grows in value over time. If you are interested in becoming an investor in property in Newbury, contact Boston City Properties. Our experts can show you some of the opportunities available here for you to maximize your benefits.

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