Sandwich Investment Properties

The town of Sandwich is home to some of the most beautiful beachfront property in the state; in fact, this town has six unique beaches that often are very popular in the vacation season. As a coastal town, there is typically a big boom in the population during the summer, which presents opportunities for investors looking to invest in this area of the state. It's also important to note that this town is considered part of the Cape Cod Metro area, and when it comes to size, the town is larger than some of the other towns here. In fact, the town has four distinct neighborhoods and has a population of over 20,000 residents.

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Residential and Commercial Investment Properties

For those considering this coastal town as a new location for investment, it's important to understand what types of investments are available in the area. Not every kind of real estate investment is for everyone, so let's take a look at some of the types you can find in this particular town:

Single-Family Homes – Many of the homes in this area are single-family properties, which helps many realize the dream of homeownership. In fact, about 91 percent of the properties here have this kind of configuration. While the majority of these originate between the years of 1977 and 1999, it's also possible to find properties that predate the turn of the 20th century, which means that they'll have Colonial and Victorian designs.

Single-family homes aren't limited to sales either, today's market often features a sizeable portion of the homes that are rented from an investor. These homes can provide steady cash flow for investors and won't typically have high running costs.

It's also important to understand that a town like this has a sizeable portion of the single-family units that work as vacation homes. As a result, some neighborhoods have high vacancies during the non-summer months. These homes can be good investments due to the fact that they can generate high amounts of capital during the busy vacation season.

Multi-Family Homes – While multi-family homes only account for less than 10 percent of the housing market here, properties like condos and townhomes are relatively popular. In many cases, these homes are converted single-family homes that have been split up amongst a few unit-owning tenants, which pay into a homeowner's associate in order to have maintenance and repair work done on the property. As a result, investors in these kinds of properties tend to have lower running costs.

Commercial Properties – Commercial rental space can be very lucrative, and these types of properties also have a tendency to appreciate the fastest. Not only will commercial real estate like office and retail space generate good cash flow from commercial tenants, but they also have a longer lease period, which means a more stable rental agreement for the investor. Additionally, these leases can have a triple-net structure, which means that lessees will also pay into insurance, maintenance, and real estate tax in addition to monthly rent.

Real Estate Market Overview and Neighborhoods

As mentioned, this town has four unique neighborhoods that include:

• Farmersville – Despite its name, Farmerville is currently a suburban neighborhood that serves as an in-between as compared to other neighborhoods in the area. While it does have a higher vacancy rate than the other landlocked neighborhood, it's still a part of town that has primarily permanent, owner-occupied homes. Properties here are also cheaper than the two coastal neighborhoods.
• Forestdale – Like other parts of town, the majority of the real estate here is owner-occupied, single-family homes, but there are also opportunities for investments in multi-unit residential markets including condos and townhomes here. Many of the homes in this section were built between 1940 and 1970.
• The East Section – This part of town is one of the two neighborhoods that rest on Massachusetts' coast. Vacation properties are popular here, and as a result, the vacancy rate in this part of town is over 34 percent. Properties here are also slightly more expensive here at the median level; you can expect to spend around $592,000 for a single-family property.
• Town Center – The other coastal neighborhood, town center serves as an excellent resource for retail investors looking to purchase commercial properties in the area. Like the other coastal neighborhood, town center has a higher vacancy rate of 32 percent.

Choosing the Right Investment Property

At Boston City Properties, we have years of experience in towns such as this throughout the state of Massachusetts. It's difficult to go it alone when you're trying to invest, which is why it's a great idea to have a qualified brokerage like us in your corner. Give us a call today at 617-247-1933.

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