Brighton Multi-Family Homes
Brighton is located in the northwestern part of Boston. For many years, it was a rural division of Cambridge, and today, it shares administrative facilities with the neighborhood of Allston. For that reason, it's frequently referred to as "Allston-Brighton."
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Brighton is primarily a residential community. It's full of compact brick apartment buildings, and quite a few of its streets contain rows of multi-unit complexes. What's more, many of those homes are positioned along the Charles River, which of course means that they supply delightful views as well as a genuine sense of calm. Residents can take advantage of Brighton's well-maintained public parks and jogging trails, its upscale restaurants, and its plethora of public transportation options. Overall, this neighborhood feels much more like a suburban enclave than a busy metropolitan environment. Although it's home to a sizable group of businesses ― many of which are owned by locals ― it's generally a peaceful place to be after dark, a fact that many residents relish.
Despite all of those luxurious features, people can live on a wide variety of budgets in Brighton. Its multi-family homes run the gamut from deluxe condominiums and posh Victorian mansions to much more cost-effective triple-deckers. This bounty of choices means that you're likely to find a property that will ideally suit your tastes, one that will also be obtainable for the amount of money that you're able to spend. In fact, when it comes to buying such a building, you're likely to get a significantly better deal in Brighton than in many other areas in and around Boston. Best of all, given Brighton's closeness to downtown Boston, its highly walkable streets, and its lovely riverfront section, it's precisely the kind of place where many people put down roots and stay for a long time. Therefore, as a Brighton landlord, you should find that your rate of turnover is mercifully low.
Placed in the northwestern part of Boston, this neighborhood is often known as Allston-Brighton. It consists of a mostly residential community ranging from single-family homes to multi-unit properties. In the last year, home prices have risen by $22,938 to reach a median price of $440,500. During the same time period, the average price per square foot advanced from $554 to $563.
In Brighton, the presence of college students has often been the primary focus for rental units. Over the last few years, this has changed as new residents have moved into the area. Attracted by its location, these renters are bringing new commercial developments with them. The growth of projects like Harvard University's innovation labs has only contributed to the rise in property values in the neighborhood. At units like the Aberdeen, buyers pay $900 per square foot or more. More recent developments like the Lancaster have seen condo prices start in the $500,000 to $600,000 range.
Within this residential community, residents will find many different multi-unit properties. For a larger investment, residents can check out the many brick apartment complexes in the area. Many of the homes boast of views of the Charles River, which makes them even more desirable for prospective tenants.
Investors can enjoy having options ranging from basic condos to luxury mansions. Some of the multi-unit homes are created from former Victorian mansions. Deluxe condos and triple-deckers can also be discovered in this area. In comparison to other parts of Boston, investors tend to get a better value for their money in this area. Plus, the pedestrian-friendly streets, public transportation and shops mean that renters are more likely to stay in the area. Investors can enjoy having a lower turnover rate and an easy time finding renters.
To discover why Brighton is a top investment location, contact Boston City Properties today. We can help you start your journey toward finding a new investment property in the area.
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