Norton Multi-Family Homes

Location is everything when it comes to real estate opportunities, and Norton, MA, has a nearly perfect location. It is only about 39 miles from Boston, which makes it easily within commuting distance, but it is also only 24 miles from Providence, Rhode Island. This area of Bristol County is bisected by I-495, and there are also several other local routes nearby that can be used to get to metropolitans in the area. As a result, investing in this town can only be beneficial.

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Purchasing a Multi-Family Home

A home that is designed for multiple families to live in can be a great investment, especially in a town like this one. There are several different types of homes that you can consider investing in, and they are:

• An apartment building – This is a building that is going to have several units per floor. It could be a newly constructed building or a renovated single-family home. Since there are typically at least four units in each apartment, there is room for the owner to reside as well.
• A condominium – This is a type of property that is very similar to an apartment. The main difference is that the tenants are going to own their individual apartments, which means that they will not pay rent, they will pay an HOA fee to keep up the property.
• A townhouse – This is a set of units that are attached at the wall. They are typically designed with two floors, and each unit has a separate entrance.
• A duplex, triplex, or quadplex – This is a home that is divided into units based on the floors in the home. A duplex has two units, a triplex has three, and a quadplex has four. One of the benefits of this type of home is that one of the units can become the residence of the owner, which will allow you to be on-premise in case the other tenants need something.

One of the best ways to know what is going on in a neighborhood is to contact a professional. Boston City Properties can help, so call us today!

Selling a Multi-Family Home

Before you decide that you are going to put your multi-unit home on the market, you need to check other homes in the area that are for sale to see what price they are listed for and how the property holds up to yours. If you are going to sell your home before others in the area at your asking price, it is important that your property stands out and impresses potential buyers. So, what can you do?

• Clean – The last thing that a potential buyer wants to see is a bunch of rubbish and debris around the property that they are looking at. Before you list the property at all, make sure to clean up the area. You never know when a potential buyer may come by unannounced.
• Do Repairs – No one wants to purchase property when there are repairs that need to be done as soon as you make the purchase. It could be something little like changing a light bulb, but it is important for potential buyers to see the property in great condition. That being said, it is also a good idea to inspect the individual units as well because you will need to show the entire property.

Having trouble finding a buyer for your multi-unit property? Boston City Properties can help you list your property and find a buyer quickly.

Neighborhoods in the Area

There are four neighborhoods in this town worth exploring, and they are:

• Winnecunnet / Cranes Station – This neighborhood is mainly high-rise apartments and apartment complexes. The rent in the area is roughly $1945 a month; this is much higher than most of the neighborhoods in Massachusetts, so finding a home here that accommodates multiple families may be ideal.
• Wheaton College – This area is in high demand. The vacancy rating for this neighborhood is only about 1.8 percent, which means the chances of finding property in the area is pretty low.
• Chartley / Meadow Brook – This area of town has quite a few older Victorian-style homes, but many of the townhouses in the area were built between 1970 and 1999.
• Centre Mills / Norton Grove – This is an area of town that is mostly comprised of townhouses that were constructed between 1970 and the year 2000.

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