Tewksbury Investment Properties

Tewksbury, which is a town that is home to over 30,000 residents, is located about 20 miles outside of Boston. This is an area where crime is low and investment opportunities are high, which means that this town in Middlesex County should remain on your radar as an investor. Both I-93 and I-495 are located on the outskirts of this town, which makes it easy to reach, and a good location for residential investments. There are also quite a few commercial opportunities in this area of Massachusetts worth investing in.

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Residential and Commercial Investment Properties

Investing in property is a great way to build your portfolio, but not all investments are good ones, which mean that you will need to make some considerations about the property before you invest. Both commercial and residential properties can be considered investments, so here is a breakdown of each one to help you decide which type of property is best for you.

Residential

Residential investments include properties like single-family rental homes, townhouses, duplexes, apartments, and condos. For the property to be considered an investment, you will need to make sure that you earn some type of income from the property. Typically, these options take less work to manage, but if you want a management team available for the tenants, this is a great option to consider.

Commercial

This is a type of investment that you should consider if you have a bit of experience in the real estate market. Properties that fall under this umbrella include retail space, office space, warehouses, storage facilities, and more. They may take a bit to manage, but tenants typically sign a lase that is five to 10 years, which means that you will have rental income for several years at least.

Real Estate Market Overview and Neighborhoods

The town of Tewksbury is a great place to invest right now. The median real estate price in the area is about $406,000, which is about $15 a square foot less than the average real estate prices in the Boston Metro area. In the past few years, the value of the real estate in the area has increased, but it is expected to go up at least 6.6 percent in the coming year, which is what makes this area a great investment opportunity.

Before you decide which a part of the city is the best option for you and your investment needs, there are six constituent neighborhoods in the area that you should consider:

• Brutts Crossing – Property in this area of town tends to cost a bit more than average, especially considering that the homes here were built between 1940 and 1969, but if you can find rental property to invest in here, the average rental rate for the area is $2,600 a month, which can be great for your rental income.
• Wamesit – This is the western side of town. I-495 cuts through the area, and there are plenty of residential and commercial opportunities in the area to consider. The vacancy rate in the area is only at one percent, which means that the property here is in high demand.
• South Street/Salem Road – This is a dense area of town, which means that townhouses are common in this neighborhood. Investors will find a lot of competition here, but because of the high rental rates, multi-unit properties are well worth investing in.
• Town Center – This area is made up of a lot of apartment complexes and high-rise buildings, which means that there will be residential opportunities as well as commercial ones to consider in the area.
• Silver Lake – This is another area with a lot of townhouses and single-family homes that you can invest in.
• Livingston Street – This is an area of town that is easier to live in because the rent is more manageable. That being said, there are also a lot of commercial real estate opportunities available here.

Choosing the Right Investment Property

Looking for a profitable investment for your portfolio? Call Boston City Properties today at 617-247-1933 so that we can represent you through the process. We know the area well, so we will be able to find great real estate deals with ease.

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