Plymouth Multi-Family Homes

Plymouth, which is known as America's Hometown, is one of the oldest towns in the entire country. Located in Massachusetts South Shore region, this historic town is only 40 miles from Boston. Route 3 runs right through the community and is the most direct route to Boston. There is also an MBTA stop in the area that can take commuters right to Boston's South Station. This beautiful section of Massachusetts has become a very popular place to call home.

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Purchasing a Multi-Family Home

Right now, the median price of a home in the area is about $360,000. Since this is a seaside town, this price point is very reasonable, especially for a home that can accommodate multiple families. In fact, when you break down the price of each home, it comes out to about $229 a square foot, which is sizably lower than the price of a home in the Boston Metro area. Purchasing a home here can be a great investment opportunity, especially since the value of homes in the area have gone up almost eight percent in the past year, and it is expected to rise another four percent this year.

If you are looking to purchase a home in the area with multiple units, there are quite a few options available. You can choose from a:

• Townhouse – A townhouse is a multi-unit home where the units are positioned side-by-side. The units share a wall, but they typically have two floors and an entrance for each unit.
• Duplex – This is a unit that looks like a large, two-story home, but each of the floors is a separate unit that can be lived in by separate families. One of the benefits of owning a duplex is that as the owner, you can claim one of the floors to call your home.
• Triplex – This is a unit that is very similar to a duplex. The only difference is that it is going to have three floors, which means that the building will be able to accommodate more tenants.
• Quadplex – This is also similar to a duplex; however, there will be four units in the building.
• Apartment – An apartment building is a multiple unit home that has more than one unit on each floor.
• Condo – A condo is similar to an apartment, but this type of building may include more perks for the tenants to enjoy.

Looking for a multiple unit property in the area? Contact Boston City Properties so that we can help represent you as you purchase your new home.

Selling a Multi-Family Home

There are quite a few reasons that a homeowner may decide to sell their property; if you decide to sell, there are a few things that you should do to get the home ready. First, you will want to compare the home that you are selling with similar homes that are on the market in the area. This helps you make your multi-unit home more appealing to buyers.

If you have tenants in the building, you will need to inform them of your intent. This gives them the chance to move if they want, but according to Massachusetts law, they are not required to move when a property changes hands. Some potential buyers may like the idea of purchasing property with tenants because it provides them with a source of income, but if you can have one unit tenant-free, it will give the new buyer a place to move into if they want to live on the property. You will also want to clean the area to increase the curb appeal of the property as well as complete any repairs that need to be done.

If you need help selling your multi-unit home, call Boston City Properties today.

Neighborhoods in the Area

Plymouth is the 19th largest city in the state of Massachusetts; there are 11 different neighborhoods in this area, which are:

• Beach Park / Fort Standish - This is a neighborhood in town where the median real estate price is $559,000, which is a bit higher than the surrounding area. Housing in the area is mainly single-family homes and townhouses.
• Manomet / Cedar Bushes – In this neighborhood, there are townhouses that were built between 1970 and 1999, but the area has been experiencing growth, so there are a lot of newer constructed homes as well.
• South Pond – This is the largest neighborhood in the area, and it contains the Miles Standish State Forest. Most of the homes in the area were built between 1970 and 1999.
• Chiltonville / Jabez Corner – This neighborhood has a lot of small apartments that were constructed before 1939.
• Federal Furnace Road / South Meadow Road – This is a neighborhood with homes that were built between 1940 and 1969. The airport is located in this neighborhood.
• Ellisville / Cedarville Landing – This coastal neighborhood is mostly made up of townhouses and single-family homes that were built after the year 1970.
• Town Center – With the historic rock of this town being located in the center of town, this is a popular place to live. Many of the homes were built before 1939, which consist of duplexes and Victorian-style homes that have been made into apartment buildings.
• Pondville – At the southern part of town, this neighborhood is one where the homes were constructed between the year 1970 and the year 1999.
• North Side of Town – Most of the homes in this area were built well before 1939; there are quite a few homes in the area that have been converted into small apartments.
• Bayside Beach / Churchill Landing – This is a narrow part of the town that touches the shore. High-rise apartments are common in this area, and they also provide a beautiful ocean view. Most of the homes here were built before 1969.
• Camp Norse – This area has one of the lowest rental prices in the area. The homes consist of mainly apartment complexes, high-rise apartments, and single-family homes, most of which were built after the year 1970.

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