Tyngsborough Investment Properties
Tyngsborough, which is also commonly known as Tyngsboro, is a small town with approximately 12,000 residents that is located in Northern Middlesex County. Though this town is located along the New Hampshire state line, it is only about 28 miles from the city of Boston, which means that it is convenient for residents and investors to reach; in fact, both Route 3 and 3A run right through the town. This area is also experiencing some of the real estate growth that can be found in the rest of the Boston Metro area, which makes it a town for investors to keep an eye on.
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Residential and Commercial Investment Properties
When you are looking to invest in property in the area, one of the most important considerations for you as an investor is whether a commercial or a residential property is going to be more beneficial for your portfolio. There are quite a few options available for both types of investments. Here are some of the opportunities that will be available to you in this area of Massachusetts:
- Single-Family Homes – A single-family home is typically going to be designed for one family to dwell in, but the amount of space and bedrooms that are available in the home can vary anywhere from two to four bedrooms. The property is one of the easiest options to invest in because it is often less of an investment than other options, and you can either rent out the home to collect rental income or do a quick flip on the property to increase the value of it before putting it back on the market.
- Multi-Family Homes – If you are looking to make a profit off of rental income, then a multi-family home is going to be a great option to consider because, even if you decide to occupy one of the units, you will still be able to rent out the others to cover the price of the mortgage. This type of investment includes townhouses, apartments, condominiums, and duplex-style homes, and most of these options are lucrative options to consider in this area.
- Commercial Properties – Commercial properties can be great options for an investor to consider as well, especially in areas where a lot of your professionals reside. Office space and retail space are common investment opportunities to consider in the area, but you can also invest in storage space, warehouses, and gas stations if you prefer to invest in something that requires a little less to maintain.
Real Estate Market Overview and Neighborhoods
With a median real estate price in the area at about $384,000, you can easily invest in this area for less than you can in Boston, but with the four percent growth in the market that is expected this year in this town, there is still a great opportunity available for anyone looking for an investment. In this town, you can find two neighborhoods to consider for your investment, which are:
- Town Center – This is the most densely populated part of town, which means that a commercial investment is going to be well worth your consideration. There are also quite a few single-family homes and townhouses in this neighborhood, which can make for a great residential investment as well.
- Camp Kiwanis/Norris Corner – Found on the eastern part of town, this area is a very residential area with mostly single-family homes to invest in. There are also some multi-family units that can be rented out for additional rental income as well as commercial opportunities to consider.
Choosing the Right Investment Property
When you are considering which property to invest in, you are going to need to consider which option is going to produce the most income for you. You need an investment to be profitable, and the best way to make sure that you find a lucrative opportunity in the area is to have a real estate team representing you during the process. Boston City Properties has been working with investors in this area of Massachusetts for years, so we know how to find an investment that fits your needs. Call us today at 617-247-1933 so that we can get started looking for your dream investment right away!
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