Plainville Investment Properties

While Plainville isn't technically a Boston Suburb, it's well within commuting distance and would only take about 50 minutes to get to Boston from this small town. In fact, much of the population of this town of approximately 9,000 residents opts to commute on a daily basis, which means that this is a small community that's benefiting from the growth of the Boston Metro area. Additionally, Providence, Rhode Island, is only about 17 miles from this town, which means that it's in range of two major metropolitan areas, and as a result, both commercial and residential property investors should definitely take note.

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Residential and Commercial Investment Properties

This particular town is fairly small; in fact, it's only on about 11 miles of land, but having said that, there is definitely a large range of properties to consider for investment. For example, the single-family residence is definitely popular here; in fact, this is by far the most common type of property in this real estate market, but that isn't to say that there isn't ample opportunity for both multi-family and commercial business properties throughout this area.

In fact, you'll be easily able to find both multi-family properties like apartments and condos, and more than a few retail- and office space-friendly buildings throughout town. Let's take a look at some of the property types in the area:

Standard Single-Family Homes – As mentioned, the majority of the residential homes in this area have a single-family design. In fact, many of the homes here are larger and many have a colonial design as well. In any situation, investing in a property of this type can be very lucrative due to the fact that these homes can both be sold to prospective homeowners or rented to people that don't want to pay a mortgage.

In both situations, there is a lot of opportunity to capitalize. For example, for those that opt to rent out their investments, there will be a low maintenance cost with many of the homes of this type in the area and you'll experience steady cash flow. While you will need to pay property taxes and insurance, you should still be able to experience a capitalization rate that should see you make a good return in relatively short order.

Multi-Unit Properties – If you are looking for an opportunity that can also provide a place to live, then multi-unit properties can be good options as well. With owner-occupied financing, you can live on the property that you're renting out and also pay a lower down payment; all you'll have to consider is that you'll have to have four or less rental units on your property.

These types of properties are also easier when it comes to the loan process. In fact, lending institutions have a habit of providing loans more often on these types of properties because they are considered safer investments than even single-family homes. This is primarily due to the fact that there are multiple tenants on a property, so at least partial mortgages typically end up paid.

Commercial Space – Commercial property investment is also a great option in a town like this, especially if you're considering commercial retail space. Town residents always need retail opportunities, and businesses like gas stations and grocery stores have a tendency to prosper. It's also advantageous that many of these businesses have leases with longer terms and inclusions for taxes and insurance as well.

Real Estate Market Overview and Neighborhoods

As mentioned, this town is very small. In fact, the entirety of the town sits on a mere 11 miles of land, so there just aren't constituent neighborhoods in town. That being said, it's also important to note that I-495 and I-95 both travel through this town and that a sizeable portion of the community is made up of daily commuters.

As a result, homes that grant easy access to these interstates and businesses that cater to the commuting residents can provide some strong cash flow. Also, considering that rents in Boston can be fairly high, a town like this provides an optimal location for startups, and an investor that has commercial office space in his or her holdings can capitalize on this demand.

Choosing the Right Investment Property

It can't be stated enough that it's absolutely essential that you purchase the property that's going to perform to your precise needs so that you can capitalize quickly. This is why you need to take time to consider all options in town. For this reason, give Boston City Properties a call at 617-247-1933, and we can help you find the property that you're looking for using our complete listings of the opportunities in this part of the state.

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