Stoneham Investment Properties

Stoneham, which is positioned right beside Route 128, is a town that is in high demand when it comes to investments, especially since it is located so close to Boston. With only about nine miles between the two locations, it is an ideal place for families and young professionals to call home. That being said, it is also a great place to invest, especially when you consider the nearly nine percent growth that the town experienced last year. There is also public transportation in the city that connects with Boston's South Station, which means that it is easy to reach, even if you decide to manage the property from Boston.

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Residential and Commercial Investment Properties

One of the first decisions that you are going to need to make when it comes to your investment is whether you want to consider residential property or commercial. There are quite a few options that range from rental property to retail and office space. Some of the best investment options o consider include:

• Single-Family Homes
• Apartment buildings and complexes
• Condominiums
• Townhouses
• Duplexes, Triplexes, and Quadplexes
• Office Space
• Retail Space

Before you decide which option is best for your portfolio, there are a few other things to consider as well:

• Annual Rental Income – When you look at property in the area, you will need to consider the median rental price of the type of property that you are considering, and then calculate to see how much you will get for the year.
• Annual Expenses – This includes the price of your mortgage, the real estate taxes on the property, the maintenance cost, repair costs, and any utilities that you cover for the tenants. When you invest, a profitable opportunity will have lower expenses than rental income.
• Capitalization Rate of the Property – This is the return that you can expect to get each year from your investment. Typically, this should be about a five to 10 percent return.

Real Estate Market Overview and Neighborhoods

Stoneham, which is located in the Boston Metro area, has a median real estate value that is comparable to the city itself. In fact, per square foot, it is only about $7 more in this area, but the value of real estate in the area is expected to increase by another six percent this year, which can be great for your investment. The entire town has both commercial and residential real estate opportunities, but before you invest, there are five unique neighborhoods to consider, which are:

• Town Center – The southwestern part of town is an expensive area to live with rents that average about $2,300 a month, but it is a great place to invest, especially if you are looking to collect rental income from a multi-family home.
• Farm Hill- The northwestern part of this town is a great place to invest because it has a variety of property types to choose from.
• Elm Street – Rent in this area is fairly inexpensive, but as an investor, you can easily benefit from a multi-unit investment or a commercial opportunity in the area.
• Franklin Street – This is an area with a lot of apartment buildings and complexes, so if you are looking for an investment of this type, you can easily find opportunities here. In fact, there are even luxury apartments in the area to consider.
• Lindenwood – This is an area that has a lot of single-family homes that were converted into apartments, which means that you can get more rental income from these properties. I-95 and I-93 also boarder this area, which will present good commercial opportunities as well.

Choosing the Right Investment Property

Finding real estate investments that are profitable can be challenging, but a real estate investor can help you find an ideal investment in the area. Being that it is so close to Boston, the options are nearly endless in this town in Middlesex County. Call Boston City Properties today at 617-247-1933 so that we can get started. We know the area well, and we have the tools that you need to find an investment opportunity in this area that will be profitable for years.

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