Mission Hill Multi-Family Homes

It might take up less than a square mile, but Mission Hill has long had a major presence. About a mile away from downtown Boston, Mission Hill is technically a part of Roxbury, but it maintains its own distinct character. It borders Jamaica Plain, and like the latter neighborhood, it includes many multi-family properties. There are Victorian mansions that have been converted into apartment buildings. There are rows upon rows of brick townhouses. There are triple-deckers galore, and there are a number of mixed-income developments offering residences that can be rented at a range of rates.

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Such properties represent excellent investments. After all, the area is thriving, and it's a popular place to live. Mission Hill is also desirable because its apartments are known to be especially large and comfortable and because it's filled with so many architectural triumphs from decades and even centuries past. Mission Hill's business community has made a huge comeback in recent years as well, which means that jobs and opportunities for shopping and dining are as abundant as they have ever been. Equally enticing, with some patience and careful searching, great real estate deals can be found throughout Mission Hill.

Once you own a multi-family in Mission Hill, you might be able to persuade people to move into your building by letting them know that the Museum of Fine Arts and the Longwood Medical and Academic Area are both within walking distance. In addition, the MBTA Orange Line and Green Line service this neighborhood. Also, commuters will be happy to find out that it's easy to find a parking space in Mission Hill every day of the week. However, they will need to obtain official parking permits.

While it is less than a square mile in size, Mission Hill remains a popular spot or landlords and renters. This area is made up of a significant number of triple-decker properties that are a great way for new investors to enter the marketplace. In addition, many of the Victorian homes in the neighborhood have been transformed into multi-unit properties. Investors can find standard apartments and brick townhouses within this neighborhood.

Placed only a mile away from downtown Boston, this neighborhood is bordered by Jamaica Plain. It might be a part of Roxbury, but it retains a unique, separate character. Within this area, investors will find a range of architectural styles and investment options.

Currently, the median home sells for $431,500 in this neighborhood. During the last year, the average price per square foot advanced from $420 to $476. Since the prices are lower than in downtown Boston and similar neighborhoods, Mission Hill is a fairly affordable place for investors to enter the marketplace.

With its thriving culture, this neighborhood is a popular spot for renters. Residents are drawn to the area because they can rent a larger home for the same price. Plus, many of these homes offer historic architecture. Over the last few decades, the area has completely bounced back and enjoy a sense of revitalization. Because of this, renters are drawn to the new jobs in the area and the top shopping options.

To find a home, investors have to carefully search through potential real estate deals. With some patience, good deals can still be found in the neighborhood. It is fairly easy to find renters in the area, and investors can quickly generate an income stream from their home. To find out how you can start your investment journey in Mission Hill, call Boston City Properties today.

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