Swampscott Investment Properties

The state of Massachusetts has a shoreline that's dotted with several beautiful coastal towns that also happen to enjoy a huge uptick in vacationers during the summer months. Swampscott, which is situated about 15 miles northward of Boston, is a beautiful Boston suburb that has been steadily growing alongside the East Coast city. In fact, in the past year alone, these homes have displayed a growth of about eight percent in value, and this type of steady growth is only expected to continue. As a result, both commercial and residential investment options are becoming increasingly in-demand in this town.

Click Here to Search Investment Properties

Residential and Commercial Investment Properties

With a property market that is showing consistent growth, this town is a great choice for your next investment. Not only is the town a coastal one, but its proximity to Boston makes it an excellent location for commuters that want to come home to a beautiful town at the end of the day. Also, this is a fairly large town; almost 15,000 residents live here, and as a result, an investor like yourself can certainly tap into this community for opportunities.

To get an idea about what's available in town, let's take a look at some of the types of investments you can make in this town:

• Single-Family Homes – The most common type of household in this particular town is the single-family household, and while a majority owns their homes, there is a sizeable portion of the homes here that are rental. When you're thinking about investing in a property of this type, you'll have the option to either rent out the property to tenants or sell it back at a profit. Renting provides steady month-to-month income and is a great way to capitalize on your investment, but reselling is a good option as well. If you do opt to resell, you can force appreciation by renovating or "flipping" the property for a profit.
• Multi-Family Homes – When you're investing in multi-unit properties like apartment buildings, condos, or duplexes, you can make a sizeable profit. While condos and townhomes have a tendency to have owner-occupied units, you can also rent these out or just invest in an apartment building if you're looking for rental income.
• Commercial Property – In an area like this, there will be a multitude of properties that can be used for retail. These storefront properties have a tendency to have longer leases that can last for as long as a decade. Additionally, since this town is so close to Boston, you can expect an increasingly high amount of startups to start seeking office space in the suburbs. These properties are far cheaper than what they'd be in the city, and as a result, an enterprising investor can really turn a profit by renting out office space.

Real Estate Market Overview and Neighborhoods

As a medium-sized town, Swampscott is comprised of three distinct neighborhoods that you can consider for investment. Each of the neighborhoods has opportunities for single-family and multi-family residential properties as well as commercial ones, and selecting which neighborhood fits your investment needs will definitely depend on your preferences. That being said, its' always a good idea to really examine your options before settling on an investment. With this in mind, here are the three component neighborhoods of this town:

• Essex Street/Burpee Road
• Beach Bluff/Phillips Point
• Town Center

If you are considering investing in a commercial property that can cater to the vacationers that visit this town in the summer, then an investment in Phillips Point could be ideal because this is the largest part of town that rests on the coast. Investments like hotels and resorts and retail options would be excellent considerations here. The other two neighborhoods are also advantageous because they both have multi-family and commercial properties that are ripe for investment and also have a lower vacancy rate than Phillips Point.

Choosing the Right Investment Property

As you might expect, being cautious is a good way to ensure that you're making the right kinds of investments in the right kinds of property. This is a beautiful town that has a lot of allure for an investor looking to capitalize, but if you have any questions about the properties here, give us at Boston City Properties a call at 617-247-1933.

Click Here to Search Investment Properties