Tyngsborough Multi-Family Homes

Looking for a relatively small town in Northern Massachusetts to call home? If so, the town of Tyngsborough is a great option to consider. It is located in Middlesex County, which is right off of the New Hampshire state line. Even though this town sits so far north on the map, it is only about 30 miles away from Boston, which means that it is a great option for anyone who doesn't mind commuting to work. In fact, Route 3 is almost a direct route into the city. There is also a bus line that connects to the Lowell station, which can take you straight into Boston.

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Purchasing a Multi-Family Home

Purchasing a home that has multiple units can be a great option. It provides a comfortable place for the owner to live as well as additional units that can be rented out to others who are looking for a place to live in the area. This provides the owner with a steady source of income that will help keep the mortgage paid, but ideally, it will also provide enough money to take care of repairs and renovations that need to be taken care of in the building.

There are several different multi-home units that can be considered for investment purposes. They are:

• An Apartment Building – This is an option that is typically a few floors high, but each floor has a few units that can be rented out. These can be anywhere from one- to three-bedroom units.
• A Condo – This is similar to an apartment building, but there are typically common spaces that are a draw to potential renters. These include things like a fitness center, a pool, and a community space where residents can enjoy each other's company.
• A Townhouse – This is a type of building that is often found in a town setting. The walls of each unit are attached, which means that these homes often account for a large portion of a street.
• A Duplex – This is an option that has two units in the building; one is located on the ground floor, while the other is on the second. There are also triplex and quadplex options available as well.

Unsure of which type of multi-unit housing option fits your needs? Boston City Properties can help you decide. Call today for a consultation.

Selling a Multi-Family Home

Selling a multi-unit home may seem like a process, especially if tenants are living in the units, but it can actually be a rather simple process. If the property was purchased with the intent of selling it in the future, it is important to remember the plan and ensure that the units do not get run down by the tenants that are living there. This means inspecting the units so that anything that may be broken can be fixed.

Check the quality of the cabinets in the kitchen and the vanity in the bathroom, and if they are looking a bit worn down, replace them with more up-to-date fixtures that will appeal to a buyer. Make sure to maintain the quality of any hardwood floors in the units, and make sure that the carpeting is cleaned at least once a year. If this type of upkeep is completed over the years that the property is owned, it will not need much work when it is time to list. Take pictures of the property that make the unit look good. This means that there is no clutter on the floor, and furniture that is tacky and unattractive is left out of the image.

Currently, the median price for a home in this area is about $386,000. If you are ready to list a multi-unit home in the area, call Boston City Properties today!

Neighborhoods in the Area

There are two neighborhoods in the town of Tyngsborough, and they are:

• The Town Center – This is the busiest part of the town. The properties in the area are mainly townhouses and single-family units that were constructed between 1970 and 1999.
• Camp Kiwanis / Norris Corner – Located in the eastern part of town, this neighborhood is made up of mostly single-family homes; however, there are also townhouses and converted condos in the area.

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