Sturbridge Investment Properties

As a small town in Worcester County, this town of approximately 9,200 individuals is one of the best places to invest in central Massachusetts. The town is located about 29 miles east of Springfield and 55 miles west of Boston, which means that you can easily reach most locations within the state from this town. Route 20, I-90, and I-84 all run through this area. Property in the area has a median value of about $278,000, which is great for an investor, especially since the value of property has increased by nearly eight percent in the past year, and it is expected to continue to grow at least another nine percent this coming year.

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Residential and Commercial Investment Properties

In this area of the state, there are going to be a lot of investment opportunities available to you. These can include residential options that you rent out each month to earn a rental income or commercial options that will benefit you as well as the town. Here are some of the options that you can consider investing in:

• Residential – This can include quite a few options, but in order for the property to be considered an investment, it will need to be rented out for a rate that is fair in this part of the state. Single-family homes are a great option to consider, but if you are interested in making more of a rental income, then a multi-unit home may be the best option. This can include a duplex, a townhouse, or a small apartment building with two to four units, or it can include a larger apartment building or a condominium that is comprised of several floors with a few units on each.
• Commercial – This is typically going to consist of office space or storefronts that you are going to rent out to individuals in the community who need space for a small business or a startup. Most of the parties interested in renting these spaces will commit to a lease of at least five to 10 years, which means that you can have income secured for a while.

Real Estate Market Overview and Neighborhoods

The neighborhood that your investment is going to be located in is a crucial decision that you will need to make before you choose an investment. There are three different neighborhoods that you can consider in this area of the state, which are:

• Town Center – This is an excellent area to consider if you are interested in investing in rental properties. In fact, there are even newly constructed multi-family homes here that show how much growth is happening in this town. The Massachusetts Turnpike cuts through the northern portion of this neighborhood, which means that commuters will be present here as well as residents, which can make commercial investment worthwhile in this area.
• Fiskdale – This is a very large section of town that has both commercial and residential opportunities that are well worth considering.
• Old Sturbridge Village – Most of the real estate here is spread out quite a bit, but if you are looking to invest in single-family homes or commercial real estate, this neighborhood has some great possibilities. I-84 cuts right through this area of town, which means that this area presents great commercial opportunities as well.

Since this area is outside of the Boston Metro area, the real estate in the area is a bit less to invest in, but that only opens up opportunities for investors because this area is growing, and the values are going to increase in the coming years.

Choosing the Right Investment Property

This is a town that is not very large in population or area, but there are a number of investment opportunities worth considering, regardless of whether you are looking for a commercial opportunity or a residential rental property to invest in. Boston City Properties knows the area well, so we can help you consider the options that are available to you so that you can find the most beneficial investment for your portfolio. Call us today at 617-247-1933 so that we can show you the listings that are available. Our expertise in the real estate in the area is a great tool for an investor.

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