Wrentham Investment Properties

Wrentham, which is a town that is located in Norfolk County, is the perfect place to invest because it is a lake town that is frequented for vacation, but there are also over 10,000 residents that call this town their home. This town is only about 32 miles from Boston, which means that it is easy to for residents to commute to the city if they need. It is also only about 23 miles from Providence, Rhode Island, which makes the town even more investment worthy.

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Residential and Commercial Investment Properties

One of the first steps that you need to take when you are considering investing in property is to consider the area that looks attractive to you as well as whether it is more beneficial to invest in a residential property or a commercial one. Many investors select different options for different reasons, so it is up to you to find out which one is going to work for your portfolio.

Residential

• Single-Family Homes – This is an investment option that is great for first-time investors and individuals who are strictly looking to make a profit based on the appreciation of the property. Typically, these homes are the cheaper option for residential investments, but they also appreciate quickly. Many investors choose to simply flip these homes and turn a profit rather than living in it or renting it out.
• Multi-Family Homes – If you are searching for a rental property to invest in, a multi-unit home is going to be the most economically sound option. When you receive rental income, you want to make enough to cover the cost of the mortgage, the insurance, and the maintenance, so having a property with more than one or two units will help you earn more than your monthly expenses, which will provide you with additional profit.

Commercial

• Retail Properties – This is typically going to be a strip mall or another type of retail space. This is a good investment option because it allows you to maintain a relationship with a tenant for more than a few years.
• Office Space – If you find a lot of small businesses and start-ups in the area, then this may be a great option for you to consider as well. This type of investment will typically provide you with rental income for a period of five to 10 years.

Real Estate Market Overview and Neighborhoods

Currently, the median real estate value in this town is about $449,995, which is lower than most of the properties that are available to invest in around the Boston area. Most of the homes in the area are single-family homes that were built between the year 1970 and 1999; however, there are a few multi-family homes in the area worth considering if you are looking for a rental property.

Before you invest in property in the area, it is important to research the neighborhoods in the area to see which one works best for your needs. Here are the neighborhoods that are available in this town:

• Sheldonville – In this neighborhood, you are going to find single-family homes, townhouses, and apartments, which makes it a versatile neighborhood to consider investing in. Currently, the median real estate value for property in this area is about $581,000. Vacancy rates are at 3.4 percent, which means that this area is in demand.
• Town Center – As the main part of town, you can expect to see single-family homes, apartments, and even commercial opportunities that are available. Most of this area is owner-occupied, but there are also rental opportunities that are available to consider in this area as well.
• Wampum Corner / Wampum Rock – The easternmost part of town is known as Wampum Corner. This is a heavily forested area that has plenty of single-family homes and townhouses to consider investing in. Even though this area has a median price of $362,000 for real estate in the area, there is a 0 percent vacancy rating, which means that this area is in high demand.

Choosing the Right Investment Property

Nothing says that a property is worth investing in than seeing it grow. In the past year, this area of Massachusetts has increased in value by 7.2 percent, and the market is expected to continue to grow. In fact, next year, this area is expected to have an appreciation of nearly four percent. That being said, not all of the real estate options that are available to you in the area are going to work you're your portfolio and your investment needs, which is why a professional real estate team could be beneficial.

Boston City Properties has a professional team that has the resources to help you find the best investment opportunity for you. For more information about the properties in the area, contact us today at 617-247-1933.

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