Walpole Investment Properties
Walpole, which is a town that consists of about 25,000 residents, is located in Norfolk County. This town is located about 27 miles from downtown Boston, which means that it is a great location for growth and real estate opportunities. In fact, the median real estate value for homes in the area is about $491,000, which comes out to about $275 per square foot. This price is about $7 less than the majority of the Boston Metro area, but it has increased by over seven percent in the past year, which makes it a great place to invest.
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Residential and Commercial Investment Properties
Before you decide where you want to invest, you are going to need to have an idea of whether you will benefit more from a commercial investment or a residential one. There are quite a few options that fall under each category, so let's take a moment to consider your options.
- Single-Family Homes – This is the easiest type of property for you to invest in. Since the home is designed for one family to live in, you can rent it out to a tenant for as long as you'd like so that you can collect a monthly rental income from the property. If you simply want the property to appreciate over time, you can do a quick flip on the home to increase the value and sell it at a higher rate than you purchased it.
- Multi-Family Homes – This includes any type of property that has two units or more that you can rent out. Apartment complexes, apartment high-rises, townhouses, condominiums, duplexes, triplexes, and quadplexes all fit under this umbrella. This type of property may take a bit more to manage, but with all of the rental income that you can get from a multi-unit investment, you can even hire a management company to take care of the property for you.
- Commercial Property – This is an option that allows you to move away from rental property a bit. Of course, you will be renting out the commercial spaces, but this includes things like retail spaces and office spaces that you can rent for a period of five to 10 years with ease. If you prefer something with fewer management requirements, you can always consider a self storage option or a warehouse.
Real Estate Market Overview and Neighborhoods
The real estate market in this area of the state is doing exponentially well; in fact, property values are expected to increase another six percent this year, which means that this town will have a lot of great investment opportunities to consider. That being said, there are four unique neighborhoods in this community that are all worth considering for your investment, which are:
- Main Street/Fisher Street – If you are looking for a great investment opportunity, this is an area of the community that is in high demand. There are quite a few high rise apartments in the area, so if an opportunity becomes available that you are interested in, make sure to jump on the opportunity quickly.
- Town Center – This is another area with a lot of apartment buildings and multi-family homes that you can invest in, but since it is the center of town, there are also commercial opportunities as well worth considering here.
- Plimptonville – If you want to invest in this area of the community, multi-unit homes are going to present you with the best option because the rental rates here are about $2,200 a month, so your mortgage and all of the maintenance will easily be covered.
- Cedar Hill – This area of town has a lot of single-family homes and townhouses that you can invest in, but there are also some commercial options to consider as well.
Choosing the Right Investment Property
Are you ready to invest in property that is currently on the market in Walpole? If so, contact Boston City Properties so that we can provide you with a listing of the properties that are available in this town as well as the surrounding Boston Metro area. We know the real estate market in the area and can help you find a profitable investment to bolster your portfolio, so call today at 617-247-1933.
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