Stoughton Investment Properties
Are you looking for a town to invest in that has an ideal location in Massachusetts? Well, Stoughton, which is positioned perfectly between the city of Boston and Providence, Rhode Island, is a great place to consider. It has a wide selection of real estate options to consider in the area, and since it is only about 25 miles from Boston, it is experiencing a lot of the real estate growth that is happening in the area as well. In fact, the value of residential properties in the area has gone up nearly 10 percent in the past year, which is incredible for an investor, and it is expected to continue to grow at least another eight percent this year.
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Residential and Commercial Investment Properties
When you choose to invest in property in the area, whether it is commercial or residential, there are quite a few benefits that you will be able to take advantage of as the investor. This area is thriving, so it is a location that many professionals decide to make their home and/or place of business, so if you are looking to make a profit, investing in a multi-family home, a rental property, or a commercial retail or office space could offer a great opportunity for your portfolio.
Some of the benefits that you may experience by investing in this type of property include:
- Appreciation – In most situations, the longer you own property, the more the value appreciates. This is especially true when you maintain the property and keep it updated with new fixtures and modern designs. If you own a rental property, you may need to wait until the tenants move to update fully, but when you do, the value increases, which means that rental income can increase as well.
- Rental Income – Any time that you invest in new property, the most that you are required to pay out is 30 percent of the full price of the property. The remainder will most likely be financed, which means that you will need to pay a monthly mortgage. When you have rental income from your tenants, the mortgage should be covered, and you should have about five to 10 percent remaining to set aside in case repairs need to be done on the property.
- Tax Write-Offs – Owning property means that you will have to pay taxes on it as well, but there are a number of things that will be able to be written off so that you can get more back on your return. This includes things like insurance, maintenance costs, property taxes, and even interest that you pay on your mortgage.
Real Estate Market Overview and Neighborhoods
In this area of Massachusetts, the median real estate value is approximately $371,000, which is a bit lower than the median real estate value of a lot of property in the Boston Metro area. In fact, you can expect to pay about $222 a square foot in this town, and with the expected growth, your profits can be sizable from appreciation alone. Some of the neighborhoods to consider in the area are:
- Town Center
- The South Section
- The North Section
- Washington Street
- Pennsylvania Avenue
- Charles Avenue
- Stoughton Junction
The North Section is an area that is in demand, so if you can find investment property here, it is a great option to consider. The South Section and the town center are great for multi-unit investments, and the other areas all have a good mix of commercial and residential opportunities.
Choosing the Right Investment Property
No matter which type of investment property that you choose to invest in, the key to a successful investment is finding property that fits your portfolio and your financial needs. It can be difficult finding property in the area that you are searching, but with some patience and the right tools, you will find a profitable investment worth considering. Contact Boston City Properties today at 617-247-1933 so that we can get started searching for the ideal investment opportunity for you. We know this area of the state well, and we can help you decide which investment is going to present you with the best opportunity.
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