South Boston Multi-Family Homes
South Boston, frequently referred to as "Southie," is a seaside community with streets that are laid out in a convenient and easy-to-follow grid pattern. It's a terrific place to own and reside in a multi-family complex. Rents are going up throughout the neighborhood, yet they remain significantly lower than in many other parts of Boston. Broadway is the main thoroughfare of this part of Boston, and Andrew Square is a bustling hub of commercial activity.
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Throughout Southie, brownstones beckon property owners with their grace and beauty. Buildings with loft-style apartments are becoming increasingly popular as well; those airy and slightly funky spaces appeal to people who seek sophistication in their living quarters. A wide variety of residential complexes are presently in the planning stages or under construction in the South Boston Waterfront area, a flourishing neighborhood that promises to be a very trendy place to live and work when it's finally completed.
Many of the city's multi-family homes have been undergoing renovations in recent years ― its beautiful Victorian houses in particular. South Boston has many rows of brick townhouses too, and its countless triple-deckers are among the most famous multi-family homes in the entire U.S. If you've ever seen a movie with a scene that takes place in Southie, you've seen some of those treasured triple-deckers.
If you're a South Boston landlord, you have many prized features to offer your potential tenants. After all, those who live in South Boston are close to many miles of beaches as well as to Logan International Airport and downtown Boston. In addition, Castle Island, which is accessible by foot, encompasses a pristine park that occupies 22 acres and a fort that was used during the American Revolution. More important, a Southie resident lives near every kind of establishment that he or she might need for daily life, including banks, dry cleaners, medical offices, markets, shops, and restaurants.
Known as Southie, this neighborhood is designed in a simple grid pattern. For years, this neighborhood has been one of Boston's most popular places to live. With the ocean running alongside the neighborhood, South Boston is also the site of many luxury condos and waterfront apartments.
While rental prices have been rising in recent years, they are still lower than many other sections of the city. This area is a popular place to rent out multi-unit homes because of the many renters in the area. Investors will find many different residential complexes in the area, and new ones are being built every day. While loft-style apartments are a growing trend, there are also beautiful brownstones within the neighborhood. The trendiest area of Southie is in the South Boston Waterfront section, but there are still many renters who would love to live in a multi-unit home in the other sections of the neighborhood.
Right now, the median price for a home is at $674,500. In the last year, home prices have risen by 4 percent. The average price per square foot for a home has risen from $615 to $655. Within the neighborhood, many Victorian houses and brick townhouses have been renovated into multi-unit properties. There are also a significant number of triple-decker homes and other rental options.
With miles of beaches and a thriving culture, this neighborhood is a popular option for renters. Landlords can generally find multi-unit properties that have a low vacancy rate and a steady income stream. To begin your search for the perfect South Boston home, call Boston City Properties today.
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