Hyde Park Multi-Family Homes
Of all the neighborhoods in Boston, Hyde Park is the most effective at approximating suburban living. People who live there are afforded a great deal of green space and streets that are considerably less crowded than those in many other sections of the city. Some parts of Hyde Park are so green that they look like rural areas, and as a bonus, the attractive Neponset River winds its way through this neighborhood. Hyde Park, which is positioned at the southern tip of the city, has two golf courses, a multitude of shops and restaurants, and a strong sense of place.
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The MBTA commuter train and public buses provide transportation to Hyde Park residents, and thanks to area highways, it's simple to access all parts of Boston and the communities to the north, south, and west.
People are moving into Hyde Park in large numbers now, which certainly pleases the owners of the neighborhood's multi-family units. Moreover, residences for rent remain popular in Hyde Park. Indeed, in this neighborhood, the number of those living spaces increased by 3 percent between 2000 and 2010. Hyde Park rental units are attractive to many individuals and families since they tend to be economical.
In Hyde Park, you can find just about any sort of multi-family development that interests you: a duplex, a triplex, a sprawling estate, a low-rise building, and so on. Keep in mind that renovated buildings containing loft-style apartments are especially sought-after in Hyde Park nowadays: The Westinghouse Lofts complex is a prime example. If you plan to include lofts in your multi-family, it's a good idea to look for or to install hardwood flooring. Further, if you offer furnished lofts, be sure to hire the hippest and most talented interior decorator that you can find.
Discover the beauty of Hyde Park's multi-unit properties. While this neighborhood is a part of Boston, it enjoys a fairly suburban environment. Investors will find homes surrounded by green spaces and sidewalks. Renters typically move to the area because it enjoys a rural-like environment while still being a part of the city. Many luxury units can also be discovered along the Neponset River, which traverses a path through the neighborhood.
Placed on the southern side of the city, this community has a range of rental options. There are sprawling estates that have been subdivided into smaller units. Investors will find duplex, triplex and low-rise buildings. In renovated buildings, residents will find the loft-style units that are so sought after in the luxury real estate market.
Hyde Park is also the home of one of the top 10 largest complexes in all of Boston. Known as the Georgetowne Homes, this complex includes 967 units on 61 acres. Within these residences, renters will discover private entries, on-site management and modern amenities.
Other than the larger complexes, investors can find a range of smaller options. The number of multi-unit homes actually increased by 3 percent between 2000 to 2010. Investors can also enjoy having fairly affordable home prices in the area that are set to grow in the coming years. In the last 12 months, the median sales price for a home advanced by $13,350 to reach $385,000. The average price per square foot fell slighting from $286 to $283 during the same time.
Investors in the area can take advantage of the trend toward luxury, loft units. This area has luxury units available at sites like the Westinghouse Complex. Whether investors want a quaint triplex or a loft complex, they can find options available in the area. To find out all of the options available in this area, call Boston City Properties today.
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