Watertown Multi-Family Homes

Watertown, which is located 6 miles to Boston's northwest, is a city that's made up of six distinct neighborhoods and occupies 4.2 square miles. In this community, there are a great many multi-family homes in addition to a wealth of single-family residences. Duplexes are especially prevalent, but triple-deckers, other kinds of triplexes, and townhomes are also available. There's no shortage of apartment buildings in Watertown either. Many of those properties represent outstanding deals; in fact, a few of them cost only a bit more than a single luxury condo unit would in other parts of the Boston area.

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Public transportation is somewhat limited in Watertown, but its access to Route 128 and the Massachusetts Turnpike and the abundance of free parking spaces along its streets more than make up for it. Watertown is also a wonderful place to just go out for a walk; pedestrians find its streets to be clean and very amenable. The city is also renowned for its public parks, and the Charles River Walkway is a real jewel. That peaceful trail lets people experience close encounters with the many forms of wildlife that make their homes in Watertown.

Before you go to purchase your dream Watertown multi-family property, do plenty of legwork. Research various neighborhoods and streets so that you can determine which developments represent the best bargains. Furthermore, you'll want a sharp sense of how high you can reasonably set your monthly rates. In addition, make sure that your income far outpaces the amount of debt that you have. You also must be prepared to make a sizable initial payment. Of course, that substantial down payment will certainly be worth it in order to become a landlord in a place as sublime as Watertown.

Placed only 6 miles away from Boston, Watertown spans 4.2 square miles in size. This vibrant community has a fairly residential atmosphere. Within this neighborhood, residents will find single-family homes and multi-unit properties. While it might enjoy easy access to Boston, the area has more affordable home prices. Right now, the median property sells for a price of $564,500.

Investors can find many different options available for in the area. Unlike some neighborhoods, this town actually has a number of apartment buildings. These range from basic complexes to luxury apartments. There are also condos and townhomes in the area. In addition to Boston's traditional triple-deckers, this area also offers duplexes and triplexes.

Since some of the public transportation options are limited, many residents use their vehicles when they have to commute to Boston. Normally, this would mean that rental properties are essentially required to have parking options. While on-site parking will certainly attract more renters, there are enough free parking spaces along Watertown's streets.

Many of the most desirable properties are near Route 128, the Massachusetts Turnpike or the city's public parks. The more luxurious homes offer gorgeous views of the Charles River and green spaces. Investors can find luxury properties, but there are also affordable options available. With the right amount of research, investors can find excellent properties at surprisingly low prices. They can also renovate former mansions into multiple units. For an innovative option, investors can convert former industrial spaces into modern, luxury apartments. This trend is quite popular in Boston and appeals to renters who want an industrial chic living space.

With so many options available, finding the right home is not always easy. To start your journey toward a new investment, call Boston City Properties today.

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