Plymouth Investment Properties

There's a reason why Plymouth is considered "America's Hometown;" it's the home of the rock that the pilgrims were known to have first landed on. Nowadays, this city, which lies about 40 miles from Boston, is an excellent choice for individuals that want to experience the state's beautiful South Shore region yet remain close enough to the major city to commute on a daily basis. Not only does this town have access to several routes and interstates, but there are even options for commuters to ride the MBTA line right into Boston. As a result, commercial and residential property investors have been flocking to this town for its unique opportunities.

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Residential and Commercial Investment Properties

This particular town, which is home to almost 60,000 people is full of opportunities for both commercial and residential property investors. Not only does the town feature a very diverse landscape for its residents, but it also has 12 unique neighborhoods to consider. In fact, some of these neighborhoods are coastal, which means that residential and commercial investors can also make investments in properties like vacation homes and resorts.

Residential Options

In this town, the single-family home is fairly popular, and many of the properties here have been built prior to World War II, which means that Victorian and Colonial architecture are common. Many of the single-family homes have also been converted to condos, townhomes, and duplexes, which can really open up opportunities for investors that are interested in multi-family properties.

Condos and townhomes stand out due to the fact that they can be excellent seasonal properties in which the tenants also own their units. This can reduce costs on your end due to the fact that maintenance fees are typically managed by the homeowner's association.

Commercial Options

A town like Plymouth has a wide array of commercial properties that can be used for both retail and office needs. This is a fairly large community, so properties like strip malls can be large income generators. Also, since the town is fairly close to Boston, there's definitely a market for office space that can be used by startups and small businesses.

Real Estate Market Overview and Neighborhoods

Plymouth has more than a few neighborhoods in which to invest, and while some of these neighborhoods are rural, there are neighborhoods that are more urban and coastal as well. As a result, there is a wide variety of options for an investor looking to capitalize in this town. Here is a list of the 12 neighborhoods that make up this town:

• Beach Park - If you're considering investing in vacation homes, Beach Park is a great place to start. This coastal neighborhood has a vacancy rate of 16.2 percent, so this area is clearly popular with vacationers.
• Manomet/Cedar Bushes – Townhomes are common in Cedar Bushes, and recently, there has been an uptick in new home construction.
• South Pond – Home here mostly originate between the years of 1970 and 1999, which means that this is one of the more modern sections of town.
• Chiltonville/Jabez Corner – Apartment living is common in Jabez Corner. In fact, this is one of the town's more urban neighborhoods.
• Federal Furnace Road/South Meadow Road – Since this neighborhood also is home to the airport, this is a less popular area for residential investment.
• Ellisville/Cedarville Landing – Single-family homes are very popular in Ellisville. In fact, many of these have been converted into townhomes.
• Town Center – If you're looking to invest in duplexes and Victorian housing, the town center is a good place to start. This is also a great area for retail investment.
• Pondville – Pondville has some of the newest homes in town and is in part of the southern section of town. Despite being in a landlocked area, there is still a high amount of seasonally-occupied housing here.
• North Side of Town – Apartment conversion has been fairly popular in the north side, and many of the units here predate WWII.
• Bayside Beach/Churchill Landing – Many of the homes here are more than 50 years old, and this particular neighborhood offers some of the best coastal views.
• Camp Norse – Camp Norse has a lower vacancy rate as compared to the other neighborhoods in the area, and many of the homes here originate between the years 1940 and 1999.
• Fort Standish – Fort Standish is often considered part of Beach Park, but it rests on a completely unattached island. There are definitely residential opportunities, especially in the vacation home market.

Choosing the Right Investment Property

As you can see, there are more than a few options for a studious investor in town. With that said, you'll need to do some research before you can settle on an investment location, and having a good brokerage in your corner can make this research much easier. Give Boston City Properties a call at 617-247-1933, and we'll show you our listings of properties that are available for investors in the area.

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