Tewksbury Multi-Family Homes

Located in Middlesex County, Tewksbury, Ma, is a town that consists of approximately 30,000 individuals. The crime is low in the area, which means that it is a great place to raise a family. In addition, this town is only about 20 miles from Boston, which makes it easily within commuting distance for professionals who work in the city but prefer a suburban home life.

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Purchasing a Multi-Family Home

In this town, the median price of a home is about $409,000, which averages to about $276 a square foot. This price is actually higher than many of the homes in the Boston area, but in this town, it is still a very reasonable price. In fact, during the last year, the value of homes in the area has increased by over four percent, and it is expected to continue increasing.

Homes that accommodate multiple families offer a great investment opportunity for those who want to own property in the area. Since these properties have several units in the building, it is likely that some of the units will be rented out. This means that the rent that is charged for these units can be used to pay the mortgage, perform maintenance on the units, and do upgrades on the property as a whole. Doing these things will ensure that no matter how long the property is owned, the units will be move-in ready so that when one tenant moves out, another one can move in quickly.

Finding the ideal multiple unit home can be difficult, but if you contact Boston City Properties, the process will be much more manageable.

Selling a Multi-Family Home

Selling a home in this area is going to be fairly simple, especially because it is fairly close to Boston, the town is growing rapidly, and there is a high demand for homes in the area. Owning a duplex, townhouse, condo, or other multi-unit home means that there will be tenants in the individual units most of the time. In Massachusetts, you can sell a home that has a tenant, but it is important that they are informed about the intent to list the property so that they have the option to move if they prefer another living situation. If they decide to stay, they will be able to remain for the extent of their lease, and many new owners will allow them to extend the lease even longer.

Before listing any property to be sold, it is important to ensure that any repairs and remodeling that needs to be completed is done before the property is listed. It is important that the home looks more appealing than the competing homes in the neighborhood. Selling a home can be very competitive, so if you want representation as you list a property in this area, call Boston City Properties today.

Neighborhoods in the Area

Even though this seems like a smaller town in Massachusetts, there are six different neighborhoods in the area. Each one is unique, but they all have a low crime rate, and they are great locations to raise a family.

• Burtts Crossing – this is the eastern part of the city, and a lot of single-family homes and townhouses can be found in this area. Many of the homes in the area were built between 1940 and 1969.
• Wamesit – In the northern part of the town, many of the homes in this area were built after 1970.
• South Street / Salem Road – This area consists of a lot of townhomes, which can be a great investment in this neighborhood.
• Town Center – This is the center of town, and therefore the more congested part of town. That being said, it is still a beautiful area to go for a walk or simply enjoy the neighborhood.
• Silver Lake – This is a very picturesque section of town that is filled with older homes that were established between 1940 and 1969. The neighborhood is very stable, but that means that finding a home in the area could be difficult.
• Livingston Street – This centralized section of the town is a great place for a close-knit community, which means that there are high rises and studios available in this area.

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