Revere Multi-Family Homes
Revere is a city by the sea with a powerful sense of history and a quintessentially Massachusetts flavor and character. The oldest public beach in the U.S. is located in this city, and this paradise ― it's a full 2.5 miles in length and shaped like a half-moon ― draws sun-lovers from miles around. Further, it's easy to get around Revere. A federal highway and five state highways pass through the community, and the final three stops of the Massachusetts Bay Transportation Authority (MBTA) Blue Line are located in Revere. Not to mention, Logan International Airport is just a few minutes away by car.
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Likewise, there's much to recommend the multi-family residences in Revere. Many of those properties cost about half as much as homes of similar sizes in Boston, and some may even cost less than half. Even so, many residences in Revere have views of the Boston skyline and the Atlantic Ocean that are as impressive as their much more expensive counterparts. Revere homes are varied in their architecture as well: Victorian manors and Colonial mansions are just two of the fantastic selections from which you can choose. Also, duplexes and triple-deckers have been beloved housing choices in Revere for generations, and their popularity continues unabated.
Understandably, condos along the ocean are big draws in this city. Some of them are located inside massive high-rise complexes, and others are housed in much smaller buildings. Given the strong demand, new oceanside condos are on their way, particularly on Ocean Avenue, a street that's near Wonderland Station.
Keep in mind that ocean views aren't the only exciting vistas that Revere has to offer. The community shares the stunning Rumney Marsh Reservation with the city of Saugus, and multi-families overlooking that natural wonder will yield many glimpses of magnificent migratory birds.
While this city is famous for its history, Revere also offers a number of charming amenities and properties. Investors can find homes placed close to the oldest public beach in the country. Many of the waterfront properties are luxury units that are rented for top-dollar prices. Meanwhile, commuters often look for rentals around the MBTA blue line and highways.
Waterfront condos are one of the most popular housing options in Revere. These condos are housed in small complexes and luxury high-rise buildings. Because of the large demand for waterfront properties, many developers have started constructing new units near Wonderland Street and Ocean Avenue.
Despite the waterfront lifestyle, the median home in Revere sells for an affordable $375,000. This is an increase of 16 percent since last year. In the last 12 months, the average price per square foot rose to $258 from $228. While these properties may be inexpensive for now, they are not going to stay that way.
Investors in the neighborhood can find multi-unit homes that are about half the price of similar units in Boston. In some cases, investors can even find properties available for an even lower value. Even though they have a lower cost., many of these homes boast of panoramic views of the Atlantic Ocean and the Boston skyline. Investors can buy a traditional apartment complex or convert existing mansions. Many investors renovate Colonial and Victorian manors into multiple units. For a turn-key property, investors can also check out the many triple-deckers and duplexes in the city.
With so many properties available, investors can find the exact complex they need to start their next rental business. To get help discovering your dream home, call Boston City Properties today.
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