Bay Village Multi-Family Homes
Bay Village might not be as famous as some of its bordering neighborhoods, and it's definitely one of the smaller sections of Boston. Indeed, fewer than 1,500 people currently live there. Even so, this part of the city is heavy on charm, sophistication, beauty, and class. It's next to the South End and the Back Bay, and it was first settled during the 1820s on top of a landfill.
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Different kinds of multi-family homes in this neighborhood are on the market, but quaint townhouses made of brick are dominant among them. Now, the typical Bay Village townhouse closely resembles the typical Beacon Hill townhouse; the former, however, tends to be quite a bit smaller. The similarities are a result of the fact that many of those structures were created by the same designers and builders. At the same time, there's a great variety of architectural styles throughout Bay Village. There are ultramodern apartment buildings that feature cutting-edge amenities, for instance, and stylish Art Deco residences, many of which served as hotels in the past.
Be aware that if you buy a multi-family unit in Bay Village, you won't be allowed to alter its exterior unless you secure permission from the Boston Historic Commission. The Boston City Council established that rule in 1983, and since that time, the restriction has allowed Bay Village to remain timeless in its visual appeal.
As the owner of a Bay Village multi-unit building, you'll find that the neighborhood's location will prove a top draw in terms of attracting tenants. To begin with, it's close to Boston's renowned Theater District as well as to some of the most tantalizing restaurants in all of New England. An array of public transit options are also nearby, and Bay Village is a part of Boston that's especially easy to navigate on foot.
Today, less than 1,500 people live in Bay Village. While surrounding neighborhoods like South Boston tend to get more attention, this small section of Boston still has a number of different properties available for investors.
Many of the investment properties in the area are created in former warehouses and industrial buildings. These properties have been reconfigured as modern condos and luxury apartments. Today, the historic architecture of the neighborhood can still be seen along these streets. Placed next to Back Bay, South End and the Theater District, this community is lined with rowhouses and gas lamp-lit streets.
The homes in the area are similar to Beacon Hill's brick, Federal-style homes. While there are many types of properties available, investors will typically find townhouses in a variety of architectural styles. The warehouses that have been transformed into ultramodern apartments are one of the more expensive investments in the area. These homes include cutting-edge amenities and the latest designs. In some of the former hotels, investors will find Art Deco residences.
This area remains a popular site for investors because of its location. These multi-unit buildings are close to the Theater District and public transportation. As an investor in the area, it is important to remember some of the neighborhood's zoning requirements. In 1983, the Boston City Council decided that all homes had to retain the same exterior unless the owner received permission from the Boston Historic Commission to change their home. This requirement was added in an effort to retain Bay Village's historic ambiance.
The entire neighborhood only includes about five city blocks in width and length. Within this distinctive community, investors will find a friendly atmosphere and historic townhouses. The neighborhood has a fairly traditional look with one-way streets and pedestrian-friendly roadways. At night, the area is lit by gas lamps for a scenic look.
For the savvy investor, these properties offer a chance to earn rental income from one of the city's most desirable neighborhoods. To start your investment journey, contact Boston City Properties today.
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