Roxbury Multi-Family Homes
Roxbury provides great diversity in terms of its residences. This long-cherished and historic neighborhood is close to downtown Boston and is known for its abundance of city parks, architectural wonders, and lively performance venues.
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Roxbury, which was founded in 1630 as a farming district, encompasses many apartment buildings, condo complexes, and other multi-family homes. Especially striking are the spacious Greek Revival houses and the brownstones that have been turned into modern living spaces. In the Dudley Square section of Roxbury, there's an abundance of multi-family complexes with affordable rents, a group that includes the seven-story Dudley Square Elderly Housing Development. What's more, Dudley Square is currently seeing the razing of many old buildings and the construction of many new housing developments.
Blue Hill Avenue, meantime, is the location of a series of dignified triple-deckers. Those buildings started to spring up back when trolleys ran up and down the street. Other Roxbury streets are similarly lined with those easy-to-identify multifamily homes.
People who live in Roxbury multi-families have an array of transportation options, including attractive bicycle trails and lanes, at least seven public buses, and the MBTA Silver Line and Orange Line. Plus, commuters and other motorists can take comfort in knowing that the parking rules in this neighborhood are comparatively lax.
Shops and other businesses are thriving throughout Roxbury, a situation that community leaders and members find immensely gratifying. Of course, these positive and sustained economic achievements in Roxbury translate into many well-paying jobs that are within walking distance of its residents. Furthermore, a community that has plenty of jobs also has a high demand for homes, and that's great news if you happen to own a multifamily property.
In short, a Roxbury multi-family is a wise investment, one that promises to increase in value as time goes on. In fact, inhabiting one of the living spaces in that property is a superb idea as well. You're certain to find your new neighborhood to be welcoming and enchanting, an ideal locale for dining out, taking in a festival, or attending a live performance.
Known for its diverse residents, this area is a top spot for investors. For years, this has been one of the most historic neighborhoods. It is a popular site for renters because of its proximity to downtown Boston, live performances, scenic architecture and green spaces.
Modern Roxbury contains many different multi-unit homes. Some of the brownstones, Victorian mansions and Greek Revival properties have been converted into multi-unit properties. Investors can readily find condos and apartment complexes within the area. In addition, the Dudley Square area has affordably priced multi-unit complexes like the Dudley Square Elderly Housing Development. In recent years, some of the older buildings have also been demolished to make room for modern developments.
This area is also a good choice because it is far more affordable than many of Boston's neighborhoods. Residents can expect to pay a median price of $434,000 for their home. The median sales price increased by $54,000 in the last year. In addition, the average price per square foot rose from $323 to $363. For investors, it is better to buy now than wait for home prices to rise even more.
Around Blue Hull Avenue, investors will find gorgeous triple-deckers. Other multi-unit properties can be found throughout Roxbury's streets. Because of the popularity of the area, investors will generally not have a problem finding potential renters. New investment properties can quickly start to generate an income stream.
Finding the right investment takes time and patience. If you need help locating your next investment, call Boston City Properties today. We can help you find the best multi-unit homes within your price range.
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