Sudbury Multi-Family Homes

Sudbury, which is a town that is located in Middlesex County, is an area with a rich colonial history, which can be seen in the architecture of the buildings in this area. Being a mere 20 miles from Boston, this town is easily within commuting distance from the city. This makes it a great option for professionals who prefer to live outside of the city, and it is a great place to raise a family.

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Purchasing a Multi-Family Home

This is a relatively well-to-do area, which means that the median price for a home in the area will be higher as well. In fact, the average price for a multi-unit home, which is about $738,000, is higher than most neighborhoods in the Boston Metro area. That being said, the values of the properties have risen by nearly four percent in the past year, and it is expected to continue rising, which makes it a great time to invest in property in the area.

Homes in the area with multiple units include:

• Duplexes, triplexes, and quadplexes – This type of home is one that has multiple floors. Each floor is separated into a separate unit that can be rented out to a tenant. With these types of units, it is not rare for the owner of the home to take one of the floors to use as their own. This ensures that someone is on the premise in case anything happens with a tenant in the building.
• Condos, apartments, and townhouses – These are units that are designed for multiple families as well. Townhouses are individual units that are connected at the walls, while apartments and condos typically have more than one unit on each floor. Typically, the owner will hire a management company to take care or on-premise needs.

Finding a home that supports multiple families in the area can be a process, but with the help of Boston City Properties, finding a good investment can be achieved. Call us today for assistance and representation through the process.

Selling a Multi-Family Home

Since the housing market in this area is relatively neutral, it may not be the best time to make a profit by selling a home with multiple units, but there are reasons other than profit that an owner may decide to sell. With that being said, a profit is still highly likely on any listing in the area, simply ensure that you know the competition in the town and make sure that your listing is more appealing to potential buyers.

To start, check out other multi-unit homes in the area to see what they offer. Many of the homes in this area are designed with hardwood flooring, carpeted bedrooms, and spacious walk-in closets. If the appliances in the kitchen need to be updated, it should be done before listing the home. It is also important to keep the area clean, which means that if tenants are living in the units, it is important to make sure that clutter is not visible in pictures of the unit because this can be a turnoff for a potential buyer.

It is important to note that buyers are likely to try and negotiate a lower purchase price with you. You can consider the price that they offer, but in most cases, it is going to be best to counter their offer with another one that is closer to the asking price. Boston City Properties can help you through this process; contact us today so that we can help you find a buyer.

Neighborhoods in the Area

There are three neighborhoods in this town that should be considered before purchasing real estate. They are:

• Pine Lake – The northernmost section of the town is Pine Lake. It is a pretty pricey neighborhood, but it is a very low crime area that is great for raising a family.
• Boston Post Road – This is the southernmost part of the town, and it is comprised of single-family homes and high-rise apartments.
• Town Center – This is the central part of town, which makes it a very walkable area. There are quite a few townhouses in this area that were built between 1940 and 1969. This is actually one of the wealthiest neighborhoods in the country, so it could be a great place for children to grow up because it can provide them with valuable connections in the future.

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